Stock of SBI is in sharp correction since last few trading sessions as seen in the chart. In this down trend stock has formed a DOWNWARD TRADING CHANNEL which if broken upside may lead to a short term bullish rally. Possibility of bullish rally is high as stock after steep correction now looks oversold.
Stock can be bought at CMP (1765) for short term target of 1900-2000. Stop loss at 1700 recommended.
