STATE BANK OF INDIAUpdated STATE BANK OF INDIA
The stock price continues to move in a downtrend.
Nearest Support Level (170-175)
Nearest Resistance Level (180-185)
If the stock price does not break above the nearest resistance level then it will continue in a downtrend, breaking the nearest support level.
If the downtrend persists, stock can move further to the 160-165 level.
Hold the stocks if already invested, else fresh buying/accumulation should be carried out at at the 170-175 level and 158-162 level.
Use multiple time frame analysis for better understanding.
THANKS
P
Nearest Support Level (170-175)
Nearest Resistance Level (180-185)
If the stock price does not break above the nearest resistance level then it will continue in a downtrend, breaking the nearest support level.
If the downtrend persists, stock can move further to the 160-165 level.
Hold the stocks if already invested, else fresh buying/accumulation should be carried out at at the 170-175 level and 158-162 level.
Use multiple time frame analysis for better understanding.
THANKS
P
Note
Nearest Support Level is breached!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.