As the market is in a bearish phase, we can see that SBI is currently at an important support zone and 200 EMA. If the market continues its trend, we can expect a good fall in this stock.

As soon as it reaches or breaks the 760 zones, we can short the stock or buy put options for the current month expecting the first target of 710 levels and the second target of 650.

Trade safe. Manage risk. Be profitable.

Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.

Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Chart PatternsTechnical IndicatorsTrend Analysis

Also on:

Disclaimer