Does SBI show a reversal ( A revisit )

Dear Friends

I am sure all of you who are active on this forum remember my analysis dated 6th Feb 2008 of SBI showing a rounding top pattern. Not many people probably believed, as the price then was above Rs 2200/-.

The scrip is now having touched Rs 1725/- ; very near to the target indicated of near Rs 1600...

Over all , the markets seem to have entered the second phase of the bear market - a phase when more fundamentally negative news flow in .. .

Would appreciate your comments

CA Rajiv D Khatlawala

i didnt check ur earlier post Rajiv ,..
but assuming that u would have posted great,.. as market were overbought and very few people were saying that it will correct sharply from 21k... though i had seen so many were still bullish @ 21 k.
as far as target price of SBI concern. i think it will touch.
All the best.
REgards,..
Darsh