Stock Radar: SBI stock breaks out from bullish flag pattern to hit fresh highs in November; check target & stop loss

view original post

Investment Ideas

SBI breaks out of bullish flag, eyes Rs 1,000 target

Synopsis

State Bank of India (SBI) broke out from a bullish flag pattern, hitting fresh record highs. Experts suggest short-term traders can buy the stock for a target above Rs 1,000 in the next 1-2 months, citing renewed buying interest and bullish technical indicators.

State Bank of India (SBI), part of the PSU banking space, broke out from a bullish flag pattern on the daily charts to hit fresh record highs last week, and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock for a target above Rs 1,000 in the next 1–2 months, suggest experts. The PSU banking stock, which is also part of the BSE Sensex index, consolidated in a narrow range for about 10

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

‘;
});
}
if(listing) {
var h3 = “You tried reading ” + listArr.length + ” locked stories in the past ” + threshold + ” days.”, h4 = “Become an ET Prime member and don’t miss out on these exclusive stories.”;
var html =

‘ + h3 + ‘

‘ + h4 + ‘

    ‘ + listing + ‘

‘;
$(‘#paidSCWidget’).html(html);
var callback = $(‘#paidSCWidget’).attr(‘data-callback’);
if(callback && window[callback]) {
window[callback]();
}
customDimension.dimension72 += ‘ | Shown SYFT no Trial_With Missed Paywalled Articles Collection’;
} else {
_processNormal()
}
}
});
} else {
_processNormal();
}
} catch (e) {
_processNormal();
}
}, function () {
_processNormal();
});
//console.log(‘storyCollectionLoad’, $);
}

What’s Included with

ETPrime Membership

1Invest Wisely With Smart Market Tools & Investment Ideas

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

Buy low & sell high with access to Stock Score, Upside potential & more.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

2Stay informed anytime, anywhere with ET ePaper

ePaper – Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper – Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

3Exclusive Insights That Matter

4Times Of India Subscription (1 Year)

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

New York Times Exclusives

Stay globally informed with exclusive story from New York Times.

5Enjoy Complimentary Subscriptions From Top Brands

TimesPrime Subscription

Access 20+ premium subscriptions like Spotify, Uber One & more.

Docubay Subscription

Stream new documentaries from all across the world every day.

6Get Inspired by Grandmasters