STATE BANK OF INDIA (SBIN)
- SBIN has formed rectangle formation in daily chart, sharp move expecting once it comes out, upper side resistance @ 2654 and down side will find support @ 2348.
- Chart also indicates stock was facing 100 DMA support earlier which has now broken, this indicates as long as stock trades below 100 DMA bears will be favored.
- If stock falls from current levels and closes below 2348 then stock will find next support around 2175 in near future.
- Stock tips.