I don't need to write more about this stock technically because I already have taught for this Top reversal head and should pattern:
As per the downward channel, we can create a trade setup:
Risky Investors can buy at Rs. 47 first entry point
Follow up trade as published on 04 May 20. Time to tighten stops
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Dhiraj Singh Bais
Warrior @ Battle field
It will not be strange if SBIN can reach the strong support as mentioned if stimulus package is not announced by the government.
We can see that it has reached around Rs.145 range multiple times in the past (Aug 2013,Sep 2013,Feb 2014,Feb 2016).
The past is going to be repeated if a strong stimulus package is not going to be announced by the government.