STATE BANK OF INDIAUpdated NSE SBIN / SBI Descending Channels
SBIN has taken support at trendline for few times.
If trendline is broken, it can move towards main channel support OR will keep consolidating below 515-520 to form triangle or rectangle pattern.
Take confirmation from RSI and traded volume .
Moving average is taken on daily basis.
If trendline is broken, it can move towards main channel support OR will keep consolidating below 515-520 to form triangle or rectangle pattern.
Take confirmation from RSI and traded volume .
Moving average is taken on daily basis.
Note
Trend line Support is broken Retest is required now.
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