Buy State Bank of India, target Rs 308: Rupak De

Traders can accumulate the stock in the range of Rs 285-290 for the target of Rs 308 and a stop loss below Rs 278.'

State Bank of India formed a Doji candle on the daily chart which was followed by a large green candle which suggests a falling trend has ended and the stock price is ready to move up in the short-term.

The momentum indicator, RSI (14) has reversed from the oversold zone and has entered in a bullish crossover. Traders can accumulate the stock in the range of Rs 285-290 for the target of Rs 308 and a stop loss below Rs 278.

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