Get started
K-TOS

Evening star at upper trendline test for SBI

STATE BK OF INDIA (NSE:SBIN)  
K-TOS  
NSE:SBIN   STATE BK OF INDIA
3
0
With Nifty being in overbought levels, we see SBI at the upper trendline. Although it broke to the upside, we see classic evening star formation at the upper trendline.

I would be cautious if I'm long here. You might want to sell your position partially and wait for a pullback towards,

T1 - 200
T2- 195
T3- 189 for short term.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.