Weekly Trading Guide
Near-term view is negative for SBI (₹271.9)
After oscillating around the 200-day moving average for three consecutive weeks, SBI broke and fell below this support last week. The near-term outlook is negative. The stock can test the crucial support level of ₹268 in the coming days. If it manages to bounce from ₹268, a relief rally to ₹273 is possible. But if SBI breaks decisively below ₹268, the...
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