banking top loser-SBIN stock trading at major support 183

State Bank of India stock chart 5 april 2016 State Bank of India stock today closed at 183.75 with almost 6% drop. Today stock was second top loser in nifty 50 index.   Technically stock above 183 will remain bullish and buy for April series. Stock made high near 198 and corrected towards major support level of 183.   If slips below 183 with volume then that will be fresh breakdown as well as sell signal for stock. On downside 168 is next support and target zone on breakdown.   Reversal from 183 is buying opportunity for targets 210 and 224 rupees.

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