SBI Short term

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Go Long on SBI with a short term target of 2230. SBI is currently trading at 2172 and as bollinger analysis it has tested bottom line at 2035 and crossed middle line at 2133 and now trading with a target of 2230 in next 3-5 trading sessions. The Stochastic oscillator indicates the trend reversal by faster% K line crossing the slower% D line to upside.

For those looking for medium term can enter long if today's close of SBI is above 2190. Above 2190 SBI crosses it middle line in Bollinger Bands weekly chart and can reach 2370in 4-6 weeks. Traders are advised to write 2200 PE around 90.

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