Target based on trend Line.
SBIN not gonna settle at Support 1 because volume is so high and SBIN also reached below RSI30.
It means Selling pressure is still HIGH.
Gonna Touch Trend Line in next 2 Weeks.
Target can be seen on Chart.
Any Help will be appreciated.
Completing a brief pull back for prior fall, SBIN appears to have resumed bear trend. Previous low at 354 is taken down with a strong momentum; advantage bears. With over all market in risk off mood a recovery anytime is less likely, which means we could see further fall from current levels.
Support levels are seen at 348, 342 (Fib level) and 336.