Stock Radar: SBI bounced back from a triple bottom pattern to a breakout from a 2-month consolidation; time to buy?
- Posted on November 11, 2024
- By Business News Today
- 2 Views
Stock Radar: SBI bounced back from a triple bottom pattern to a breakout from a 2-month consolidation; time to buy?
State Bank of India's stock price surged after breaking free from a two-month holding pattern. The stock previously reached a high of Rs 912 in June. It found support around Rs 760-780. The stock's recent breakout suggests a potential upward movement towards its June high. Analysts recommend buying the stock with a target of Rs 925 in the coming months.