SBI (903.75)
A HUGE UPTREND CHANNEL


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I PUT MY SBI TARGET AT 1050 IN THE MEDIUM TERM, AND EVEN I EXPECT BEYOND THAT. WHERE IT CAN TEST THE TOP OF THE UPTREND CHANNEL. AT THE SAME TIME IT OFFERS HIGHER VOLATALITY. BEFORE WE SEE THE LEVEL OF 1050, IT HAS TO CROSS THE HURDLES LIKE 930-962-1015 AND THE LAST ONE IS 1050 AND IN THE LONG RUN MY TARGET IS 1220, IF IT SUSTAIN ABOVE THE 1015 LEVELS. AND THE SUPPORT COMES AT 888-878 AND THEN AT 849. WEEKLY CCI IS SHOWING EXTREMLY BULLISH AND WEEKLY RSI IS ALL SUPPORTING THE POSSIBLE THING. OVERALL THE STOCK LOOKS GOOD ON THE WEEKLY CHARTS, AS LONG AS IT TRADES WITHIN THE UPTREND CHANNEL WHICH BEGIN IN 2004 ALMOST 3 YEARS OLD UPTREND CHANNEL...