September 14, 2011

SBI Daily chart analysis


  • SBIN Weekly and Daily chart is moving down in a channel.
  • Daily chart shows price trending down below 20 day simple moving average.
  • Channel in daily chart is hinting the end of this down move. But Fibonacci levels suggest some more pain for bulls.
  • Breakout above the daily channel or a close above 20 day moving average may give an up move.

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