STATE BANK OF INDIAShort
SBIN : 10-25% Down??
SBI
Key points:
1. Goldman Sachs downgrades SBI to "Sell"
2. Healthy red candle with volume on the daily chart appeared after 24 day's of consolidation. Means bears have accumulated energy during that phase
3. Institutional selling on this counter (Reason unknown, so far)
4. 2 order blocks are pending to be re-visited by the price )around 700 and 600 levels.
5. Bulls should wait till these levels show some reversal.
Key points:
1. Goldman Sachs downgrades SBI to "Sell"
2. Healthy red candle with volume on the daily chart appeared after 24 day's of consolidation. Means bears have accumulated energy during that phase
3. Institutional selling on this counter (Reason unknown, so far)
4. 2 order blocks are pending to be re-visited by the price )around 700 and 600 levels.
5. Bulls should wait till these levels show some reversal.
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