ONGC and SBI Technical View
State Bank of India
What an Earning shocker for Indian’s Largest bank and collapse in Stock.
State Bank of India’s fourth quarter net profit tumbled 98.8% YoY to INR 208.8 Mn on higher provisioning against non-performing assets and gratuity.
SBI broke its important short term support at 2500 and stock quickly gave a 100 point move on downside.
Shall we buy SBI now? NO NEVER EVER THINK OF BUYING A FALLING KNIFE.
I have marked the important support levels for SBI if it reached this level in this week small buy only for long …
Read the full story »
What an Earning shocker for Indian’s Largest bank and collapse in Stock.
State Bank of India’s fourth quarter net profit tumbled 98.8% YoY to INR 208.8 Mn on higher provisioning against non-performing assets and gratuity.
SBI broke its important short term support at 2500 and stock quickly gave a 100 point move on downside.
Shall we buy SBI now? NO NEVER EVER THINK OF BUYING A FALLING KNIFE.
I have marked the important support levels for SBI if it reached this level in this week small buy only for long …
Read the full story »
posted by Bramesh at
7:49 AM
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