SBIN DOUBLE TOP REVERSAL PATTERN

STATE BANK OF INDIA has confirmed the double top reversal pattern today below 270 levels. The shape has completed the criteria of a reversal pattern.

So sell SBIN on rallies at around  265 -268 levels we may see downside up-to 247 levels which is also its 2oo day sma on weekly charts…Maintain a stop of 278 on closing basis.

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