August 26, 2011

SBI Chart Analysis

  • SBI Continues to be in a strong down trend.
  • Range breakdown will cause more pain for the bears of SBI.
  • Stock is oversold but the bounce is not happening.
  • Price is trending down below 10 Day moving average. 
  • Closing above 10 Day SMA may show hints of a turnaround till then its better to stay short.
By at

3 comments:

  1. chetanAugust 26, 2011 at 11:19 AM

    thank you very much Anoopbhai,kem chho?

    ReplyDelete
  2. SanAugust 26, 2011 at 11:40 AM

    @chetan
    Can you translate please? If it is how are you? Then I am doing well.

    ReplyDelete
  3. chetanAugust 26, 2011 at 11:58 AM

    yes it is how are you? thanks for reply.

    ReplyDelete

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