State Bank of India
做多

SBIN on Verge of Breakout from Symmetrical Triangle

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✅ The stock has formed a large symmetrical triangle pattern on the daily chart, with price compressing and now approaching the apex, suggesting a strong move is imminent.

✅ The recent candles show higher lows, confirming buyers are stepping in on every dip. RSI was in a falling wedge and has now broken to the upside above 62, indicating strengthening momentum.

✅ A clear breakout above the upper trendline near 825–830 with volume can lead to a sustained rally towards 880–920 levels in the coming weeks.

✅ PSU banks remain in focus with strong credit growth and stable asset quality. SBI being the largest lender, will benefit from robust business momentum.

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