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avinash28661

SBI at critical junction

STATE BK OF INDIA (NSE:SBIN)  
avinash28661  
NSE:SBIN   STATE BK OF INDIA
Support and Resistance Fibonacci Trend Lines
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supportandresistance fibonacci trendline
SBI has taken support from .618 Fibo and faced resistance from trendline again taken support from .50 fibo level. again couldn't move past the trendline resistance. Also stock is in down trend and have taken support from down trending 50 MA

If it breaks out above trendline:
Target: 370 and 390

If it breaks below 351:

Support: 334, 329 and 312
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