The sector has a whole is lagging the broader market, private banks and financial services have been the leaders. Position size should be in check. Wait for trendline breakout for an ideal entry. This is a long term play.
Note
SBI has largely absorbed the volatility in the last 2 weeks. Price is hovering in the same region. Once it breaks out, we could have a quick 10% upside within 2-3 days. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.