harshv61
Short

SBI Monthly- Strong Downtrend ahead.

NSE:SBIN   STATE BK OF INDIA
Once the target of ~ Rs 340 in this November month reaches, expect a downside trend with a sideway range trade( Rs 250 to Rs 315)and further if the momentum continues, maximum fall around Rs 212.

Upcoming trend reversal gets confirmed by confluence of MacD+RSI+Stochastic oscillators.

On chart look at sellers queue at Red Trend Lines and buyers queue at Green Trend Lines. The middle White trend line ( Rs 280) is going to the pivot point .

Happy Investing!

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