Opinion on SBIN
State Bank of India – CMP - ₹186.25 Dt. – 16-07-2020
The stock has broken the support trendline on 15-07-2020 as the stock was falling from 3 continuous sessions before closing in green on 16-07-2020. Purple line, now acting as a resistance line if stock start moving upward it can break purple line and can go up to ₹195.30. If moving down stock is expected to go ₹180 and if selling pressure is high on the nifty bank then the stock can also test the level of ₹171.
The stock has broken the support trendline on 15-07-2020 as the stock was falling from 3 continuous sessions before closing in green on 16-07-2020. Purple line, now acting as a resistance line if stock start moving upward it can break purple line and can go up to ₹195.30. If moving down stock is expected to go ₹180 and if selling pressure is high on the nifty bank then the stock can also test the level of ₹171.
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