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 Investment World - Technical Analysis


SBI

The price action was in sync with expectations. A bearish trend prevailed and the stock dropped the target zone at Rs 840-850. There appears to be marginal downside risk from the prevailing levels. The stock is likely to seek support at Rs 840-850 in the event of a fall in price. A close below Rs 840 would result in further weakness and a fall to Rs 800-810 may materialise subsequently. Investors may hold with a stop-loss at Rs 840. Fresh exposures may also be considered on weakness, with a stop-loss at Rs 840.

B. Krishnakumar

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