SBI results have been a point of reversal of trend in he markets usually.
The market is currently in downtrend , with Banks Providing a minor relief in pullbacks.
Sbi is set to report its results tomorrow ! The markets will closely be waiting for the same and hoping that on account of good numbers this bear run will end !
Interesting play is that markets will be...
Powergrid has broken out of its Ath yesterday and today given a second closing above the same!
the stock can now reach further highs as the power crisis in India doesn’t look like ending soon due to the heat Wave in the northern states of the country!
This week , The pivot level of 650 is intersected by support trendline and 200ema on a weekly chart!
the intersection strengthens the level and increases the credibility of the support !
the R:R is very favourable now .
