SBI is noticing recovering after a big downfall from 307.5 levels. Current recovery may go upto 276.45/280.55/286.45 once it sustains above 272.9. Good to positionally go long in SBI with closing stoploss of 267.2. If it breaks down below 265 again go short for a target of 258/248 positionally.
Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
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