POSTED BY August 17, 2013 2:12 pm COMMENTS (10)ON
Within 1 Yr, Investors can easily get min 30 to 50% return from SBI (State Bank of India) stock.
1) Given below chart is 1 Yrs data.
Now SBI is at 1 Yr low.
2) Given below chart is 2 Yrs data.
In last 2 Yrs, SBI low is 1550 and High is 2550. But many times, it trade 1800-2400 range many times, and at 1550 levels only 2 times in last 2 Yrs.
In last 2 Yrs, whenever it touch 1800 levels, it went up to 2400 immediatly.
3) Given below chart is 3 Yrs data.
From this chart, we can observe that SBI High is 3515 and now its trading at 3 Yrs low. Now it is available below half of the all time high (3515/2=1707).
4) Given below chart is 5 Yrs data.
From the above chart, we can easily understand the Entry and Exit points.
5) Given below chart is 7 Yrs data.
From this chart, we can observe 3 triangle shapes.
In first Triangle, Low is near to 1000/- and High is near to 2500/-. This chart range is from 1st Jan 2007 to 1st Jan 2009.
In 2nd Triangle, Low is near to 1550/- and High is near to 3515/-. This chart range is from
Mid-2009 to Dec-2011.
In 3rd Triangle, Low is near to 1575/- and High is near to 2550/-. This chart range is from
Dec-2011 to Till Date.
This analasys is completely depends on Technical Analasys. Yes, History may not repeat itself but it rhymes.
Now SBI near to 1600. If we buy at this price and exit at 2400, our profit will be 800/- (Half of our Entry Price). I think it can beat any asset class. Even many stocks like PNB, Andhra Bank… etc also are in same position. If you miss earlier bus, catch it now to become a value Buyers.