SBI Chart Analysis
- SBI has given a bearish daily candle. Price is closer to its 100 Day SMA and Golden ratio So chances of a correction is high from the current levels. Even if price moves up it has to close above the ichimoku cloud for a sustained up move to happen. Weekly chart is also closer to the middle bollinger band.
- So in short SBI is giving negative signs close to resistance levels. But there is no breakdown yet. Price is trading well above its 5 Day High EMA so one shall wait for a close below 5 day High Ema to happen.
- NIFTY WEEKEND UPDATE
Good Morning San Sir,
ReplyDeleteThanks For the SBIN Chart.
Your Charts are always useful for traders like me. Thanks a Lot.
@Nilesh
ReplyDeleteGood Morning
Thank you for the comment.