Possible Exit Alert on SBI Stock
The Indian stock markets would remain closed tomorrow on account of Ambedkar Jayanti. So, the next market day would be Wednesday, 15th April, 2015. As per re-analysis of the SBI stock added to portfolio, it seems difficult for the SBI share price to break the technical resistance which it has attempted to do multiple times recently and there are chances of stock price reaching levels of Rs.240. Also, the upside seen is limited if it somehow manages to break the technical resistance. So, my personal plan is to sell the stock on Wednesday and re-invest in other stocks that have better chances of giving higher profits. Such rejig of the portfolio helps to increase the returns earned in the long term. Again, this is my personal view about SBI stock and you can take your own call after doing analysis.
Hope you all are enjoying the market rally before the budget 2015. I have made fresh entry in SBI today post its good quarterly results. State Bank Of India posted good numbers for Q3 results of 2014 year. This augurs well for Indian stock market which was considerably up today. I have invested in SBI shares at levels of Rs.302 and hoping that they would reach higher levels of Rs.345 to Rs.360 in next 3 months.
In this article, I shall discuss about SBI Bank background, SBI share price, future expected levels for State Bank Of India stock, etc.
SBI BSE Id – 500112
SBI NSE Id – SBIN
SBI Current Market Share Price (as on 11th February’15) – INR 302
Arvind Bajaj’s Views on jackpot stock SBI bank in his Portfolio
I have bought the banking sector SBI stock post good Q3 results. Having entered at Rs.302, I will hold this stock with patience for higher levels of Rs.345 to Rs.360 in 3 months time.
My Personal Bullish Expected Levels for SBI Stock in my portfolio – Rs.345 to Rs.360 (in 3 months time)
Company Background for SBI
State Bank of India is a leading public sector bank in India. In fact, it is regarded as one of the top banks in India alongside Bank Of India, Bank Of Baroda, Punjab National Bank, etc. This bank has always been involved in Community Services Banking. Most of its branches and admin offices are responsible for sponsoring as well as participating in several socio welfare activities.
You can access further information about SBI Bank at: SBI Official Website
Please note that I always stick to basic guidelines before investing in the Indian stock market as I believe it will help you to stay patient and make profits in the long run. My methods for investing in stocks that I follow are:
Arvind Bajaj’s Methods of Stock Investment
To unravel the secret of always staying positive and enjoying money rain in our lives, one can follow the Money Minting Mind Program.
NOTE: The above information is purely my own personal take / view / discussion on SBI banking stock after my analysis. I am not at all a certified Stock Analyst or Stock Broker or Research Analyst. All my readers of this blog are advised to perform their own analysis and consult any authorized research analyst or financial advisor before taking their investment decision.
Note: To get the best benefits about regular updates related to various articles, motivational thoughts and contests posted on this blog, you can subscribe to our email newsletter service below: