SBI – Verge of Triangle Breakout. Can it change the trend ?

SBI TECHNICAL VIEW

• -> A triangle formation and a breakout on sustaining 2600-2650 band.
• -> Near term resistance at 2800 would be a first target.
• -> Most importantly after making a double bottom a cross above 2650 will indicate a major trend change for the stock.
• -> Also given that it is a heavy weight in Nifty/Bank nifty it will be interesting if it can leadership after a good drop in IT stocks.
• -> Bank Nifty has also crossed a 3 month high of 16300.

We have recommended ICICI Bank also as a favorite in the large cap banking space.

Also a lot of other stocks recommended on Friday when Nifty was at 7750 in a detailed Report for Technical Traders Club 

For more details about it check this link - https://nooreshtech.co.in/2014/09/technical-traders-club-membership-half-yearly-annual.html