SBI Channel and Support level

• SBI is testing important support level.
• Support level is between 1868 - 1905.
• There are no reversal signs yet so we have to wait and see if we are going to see a reversal candle here.
• The channel of SBI shows some more down side for the stock before it can hit the bottom support line of the channel.
• If it hits the channel bottom we can definitely see a reversal trade from there. If it is going to turn before hitting the support line then we have to look for daily reversal candles to initiate trade.
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