SBI -DO NOT JUMP INTO BUYING, WAIT!!

State Bank Of India

With the strong upward pull in the market, the stock is currently trading above the previous week high.

Technical Indicators are BEARISH.
***TRADINGEDGE TIME-TREND INDICATOR is BEARISH as well.***

Nearby resistance is 183 and 197 support is swing low 150 on the weekly chart.

*****Personally, I will not invest in this stock yet. I can see it coming back to the strong demand zone (147-142) in few days. Even the technicals are negative right now.

Wait for the right opportunity.

KEEP AN EYE!!

#tradingedge_academy #SMTA_institute

***this is my personal view. Please take advice from your financial advisor before investing.