sks_saty

SBI, Positional trades for coming weeks.

NSE:SBIN   STATE BK OF INDIA
currently, the share is at an important Fibonacci level (78.6% from the top, 188.5) which will act as support and immediate resistance level is at 198. once it crosses then long target is around 255. before that, it also had to cross important resistance at 100Dema and 200Dema. for the level below the current price, it will take support around 178 and then around 170 levels.

note- I am invested and willing to hold my position till 250 levels. study is based purely on charts and levels basis, rest predictability of market is above all, it is driven more by sentiments less by technicals.

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