14-08-2024 11:08 AM | Source: Religare Broking
Stock of the day : State Bank of India Ltd For Target Rs. 35 - Religare Broking
State Bank of India Ltd
* SBIN has remained under pressure after it failed to surpass the all-time high resistance level.
* It has witnessed a breakdown from a bearish pennant pattern with noticeable volumes.
* It also slipped below its medium term moving average adding further confirmation to the tone.
* We thus recommend creating shorts through the Put option.
Buy State Bank of India Ltd CMP 18.00 Range 17-18 SL 10 Target 35
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