STATE BANK OF INDIA

SBI MID TERM ANALYSIS - 6 MONTHS

240
SBI is at crucial junction for clear trend on either side, chart is signaling downtrend if we breach 685, before that there are few support levels within 100 points range of 805-690 and if SBI breaches 885 then can even witness levels upto 622.
Major short covering levels are :-
1. 726
2. 648
3. 622 - ULTIMATE LOW .
IF we have to avoid downtrend then we must cross 820 and sustain . All levels are marked in chart posted.

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