SBIN fell 1.36% percent today and while it might seem bearish, it is just a mere sign of Correction.
After breaking its long-term resistance and forming a new 52W high, SBIN corrected to levels of 523. Despite many firms up-ing their target on SBIN to 750 levels, I remain bullish on SBIN and think it will correct to 515 levels and in the case of a Bearish market, up to 500 levels.
Please consult your financial advisor before making any decisions.
After breaking its long-term resistance and forming a new 52W high, SBIN corrected to levels of 523. Despite many firms up-ing their target on SBIN to 750 levels, I remain bullish on SBIN and think it will correct to 515 levels and in the case of a Bearish market, up to 500 levels.
Please consult your financial advisor before making any decisions.