SBI Stock Analysis: 210 Days in a Box, Potential for Downside
“For the past 210 trading days, SBI stock has been confined within a narrow range, bounded by the intraday high of June 3rd and the intraday low of June 4th. Despite numerous attempts, it has failed to break out of this range on either side. We have diligently monitored this stock throughout this period.
Historically, I have consistently emphasized the significance of the 760 level as a crucial support zone for SBI. I now anticipate a potential breakdown of this support in the near future.
A critical cycle date occurred on December 30th. A decline below the December 30th low of 785 would strengthen the bearish outlook, likely driving prices towards the 760 support level. A breach of this support could then pave the way for a move towards the June 4th low of 731.
The next significant cycle dates to watch are January 17th and January 31st.”
gann,insides 