- After a few months long consolidation SBIN witnessed a triangle pattern breakout, backed by increase in trading volumes.
- The stock has witnessed a sharp selloff from 300-320 levels and has bottomed out around 170-200 levels.
- In addition, the stock have closed above the higher range of Bollinger band.
- The support on the lower side is pegged at 170 levels with no immediate upside resistance.
- Any sustainable move above the neckline 210 level could have the strong positive impact in the near term.
Payable Days or Days Payable Outstanding
DPO indicates how many days the company takes to pay the money back to its supplier. In other...