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 …
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