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Will SBI cross the Control Price?SBI is currently moving under the control price and making a parallel channel. But because of the election, all the markets will get affected. Right now, it's trying to move upward to cross the control price ( 213 ). If it crosses the control price, then it will touch the following levels 217.70 - 226.30 . That means the control price will react as support the same as the previous it reacted. But as I mentioned above, markets will get affected. There is a strong possibility of a reversal. If it takes a reversal, it will come down and hit the following levels 195.20 - 192.50 . That means this time control price will react as the resistance.
NSE:SBIN
by forextidings