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Weekly Trading Guide

SBI snapped its three-week rally. The stock tumbled over 5 per cent intra-week but managed to recover some of the loss. SBI closed 2 per cent lower for the week. The support at ₹350 has held well and is keeping the uptrend intact. The key resistance is at ₹372. A strong break above it is needed for SBI to gain fresh momentum and resume the uptrend. Such a break will pave way for a fresh rally to ₹395 and ₹400. The region at around ₹400 is a strong resistance for the stock, which can halt the current uptrend. As such ...

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