SBI Breakout - 7 Star Long Term Pattern

The Banking Sector's performance is slow compare to other sectors like metal, cement, etc. But if you are thinking to add banking stock in your portfolio then the breakout pattern of SBI is looking more attractive.

In the last two months, Nifty Bank falls more than 2.5% but SBI is above more than 1.5% which is showing the strongness in the chart.

Here you can follow the attached chart which is showing a strong sustainable breakout of more than 10 years which is a 7 Star Long Term Pattern. There are high chances of outperformance in this chart pattern as of now. If we talk about the pattern cancellation area then it will be shown on the chart that is Final Support. This breakout will fail if it breaks its final support area.

The Risk and Reward Ratio is favorable as it is a long-term horse.

Disclaimer: This Chart Study is based on the theory of technical analysis and personal observations. This does not claim for Profit & Loss. 
We are not responsible for any profit or losses made by traders and investors. It is only the outlook of the market with reference to its previous performance. 
All information is a point of view and is for educational and informational use only. All Judicial you are advised to take your position with your sense and judgment.

 

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