Bears are getting ready for a massive attack. The second wave is going to be painful. This is not the right time to enter market for a long time investment. Exit your positions if you have a portfolio. If you are trading options keep your strategies towards a bearish trends.
In a bearish trend market, SBIN chart has formed a flag pattern and a descending triangle. In the next 20 trading sessions SBIN will test new lows. In my opinion SBIN price would slide by 25 % and make a new low around 140. a strong momentum is confirmed in Heikin Ashi chart.