SBI is currently trading in the strong monthly support zone....... so should we buy it here ???. just because the stock is in the support zone , don't buy it blindly . firstly wait for the monthly candle stick to close , if the close is above the support level & we get some kind of a bullish reversal pattern as in earlier two instances, we can take a call to buy for a target of 230-245. monthly closing above this level, we can expect 350-360 levels. on the flipside, monthly closing below 140-145 levels, you can see levels of 90-100 on this stock.
This is just my view ..... trade according to your own risk management .
This is just my view ..... trade according to your own risk management .