Rahul Mohindar of Viratechindia said that there is a possible downside in SBI’s stock value.
He said that the stock will experience other downside of Rs 100-150 with a short-term to medium-term viewpoint.
Mr. Mohindar stated, “In SBI, there is a visible short opportunity clearly because the stock looks much overstretched, it has reacted from more than Rs 1700 levels on its way down. So, I think technically we would have achieved almost all targets on both shorter-term and longer-term counts.”
He doesn’t believe that the SBI stock can do much on the positive aspect.