SBI in Critcal zone.
SBI is trading in critcal zone. It is facing strong resistance and high RSI at 196-197.5. Keep an eye. I am hopping that SBI will come down to 188-189 and again try to touch 197 but if it falls below 188 then the price will come down to 185-186 depending upon Bank nifty since SBI is a high beta share. If prices go below 185 the mn a break down can be seen. The proces then can shoot down to 180-175 which is a very good zone to buy SBI if market is in favourable condition.
Happy Trading.
Happy Trading.
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