SBI MONTHLY CHART WITH LONG TERM VALUE CHANNEL
SBI Monthly Chart
While a typical chartist may call for break-down, the price-to-book value (historical fundamentals) indicate that the stock has multi-year support zone around the price range of 140 to 160. Are we going to see this support zone break-down and melt away in 2020 ? We expect to see long-term impact to emanate from today's policy announcements.
Disclaimer: All the index, stocks, futures, options ideas discussed herein, in this presentation, are not my recommendations for the purpose of initiating a trading position. I am not a SEBI registered Advisor. Investments are subject to market risks and you may consult your personal investment advisor prior to making investments.
While a typical chartist may call for break-down, the price-to-book value (historical fundamentals) indicate that the stock has multi-year support zone around the price range of 140 to 160. Are we going to see this support zone break-down and melt away in 2020 ? We expect to see long-term impact to emanate from today's policy announcements.
Disclaimer: All the index, stocks, futures, options ideas discussed herein, in this presentation, are not my recommendations for the purpose of initiating a trading position. I am not a SEBI registered Advisor. Investments are subject to market risks and you may consult your personal investment advisor prior to making investments.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.