SBI has been trading in a downward channel from its high of 411. The breakout was observed on 27th April from this downward channel. Made a high of 369 before a pull back. The pull back as on today sits at 353 which is the support point long term trend line of the stock. Chances are the upside will be as high as 400 once the stock crosses 360 levels. It will be called a false breakout only if the price trades below 343.