SBI at critical junction
SBI has taken support from .618 Fibo and faced resistance from trendline again taken support from .50 fibo level. again couldn't move past the trendline resistance. Also stock is in down trend and have taken support from down trending 50 MA
If it breaks out above trendline:
Target: 370 and 390
If it breaks below 351:
Support: 334, 329 and 312
If it breaks out above trendline:
Target: 370 and 390
If it breaks below 351:
Support: 334, 329 and 312
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