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SBI MONTHLY CHART WITH LONG TERM VALUE CHANNEL

NSE:SBIN   STATE BK OF INDIA
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.

Comments

Will it break that level
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