Hello Friends,
SBI is going cross 52 week high?
As we can see from last couple of weeks market was not in good mood. But now seems investors showing trust and we can see banknifty nifty and Sensex are getting on postive track now.
One of the my favorite sock SBIN opened Today upside 509.90 from previous closing 505.95 till the time of this posting it went Day's high 513.5 in first trading session.
Banknifty seems strong positive and trading +322 points so hopefully in Second trading session SBIN is going to cross 520 Today
As we can see in weekly chart also SuperTrend is clearly showing strongly Buying Signal. As far MACD concern The MACD line(Blue) is below The Signal Line (Red) but its showing upside move so hopefully MACD line will cross soon signal Line and RSI is already above 60 and showing upmove strength so we can expect a strong upmove in SBI in coming weeks.
For Long term Investors SBI is clearly in buying zone from last one Year 2021. Supertrend is showing a firm buy signal from last one year. Along with MACD and RSI are showing support for buy signal as well. If the support continues then surely SBI will Rock and will break all time high very soon and it will be unstoppable for sure.
Why I should keep SBI in my portfolio?
As I have already tried to explain the technical characteristic of SBI performance from last one year and additional For the year ending March 2021 State Bank of India has declared an equity dividend of 400.00% amounting to Rs 4 per share.
You can check out the dividend history of SBI
If you want to check out how SBI is performing as compare to other banks which is called peer comparison you may check below links
Also you can go through the share holding pattern for SBI
Stay Tuned...
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