After a recent upside rally SBI has retraced approx 8.5% from the resistance zone of 825-830, theafter second compression of 5% occurred. Thus I see sucessive Volatility contraction. Recent Golden Cross over clubbed with VCP is indication of good buying opportunity. Short to mid-term momentum is bullish, underpinned by strong moving averages and recent bullish crossover. My entry depends upon good bullish close with good volumes.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.