SBI is approaching a highly significant structural support zone right now, which sits firmly between 905 and 925 on cash.
This setup offers a phenomenal risk-to-reward ratio. The stock looks like a compelling buy at the current market price (CMP), and remains an absolute buy on any further pullbacks toward that 925 macro pocket. Near-term, we are anticipating a fast snapback with potential upside targets of 980 and 1,050 within just a few sessions. Looking at the larger cycle, this stock easily has the fuel to clock a fresh record high above 1,234—but we will cross that macro bridge down the line.
For now, our execution playbook is identical to what we perfectly executed with INFY: start pyramiding into positions right here, and scale in heavier as the price action flashes definitive bottoming signs. A sharp reversal feels entirely imminent.
The Tactical Blueprint
- The Accumulation Zone: The 905–925 range is a major structural floor on the chart, making it the ideal spot for institutional demand to step back in.
- The Scale-In Strategy: Don’t fire all your bullets at once. Establish your base here at CMP, and pyramid into the position as the intraday charts confirm the turn.
- The Prize: Our immediate sights are set on 980, with a secondary target of 1,050 once the momentum shifts back into high gear.
The spring is coiling beautifully at key support—let’s watch the buyers step up and trigger the reversal.
gann,insides 