This stock is currently mildly bullish
, though it has remained range bound between 250 and 275 levels. The relative strength
shows that stock has underperformed the index consistently over the past 5 years. The relative strength
however confirms an upward trend of this stock and therefore dips may present good buying opportunties. With consolidation of several nationalised banks and additional revenues due to demonetisation banks remain good bets and SBI
is a good pick.