TraderX7

Possible Bottoming in SBI

Long
NSE:SBIN   STATE BK OF INDIA
Hi All,

The Price is possibly bottoming for the SBI stock and considering the relaxtions of the banking sectors in India, the conditions may improve and will give a good probability buy.

200-212 levels could act as a barrier, but once it is broken and re-tested (good opportunity to buy from there), price has more potential to move upwards. Watch out in the coming weeks and trade accordingly.

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Note: These are only ideas and not financial advice.

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