May 6, 2012

State Bank of India Chart Analysis


  • SBI Closed below 200 SMA. There is no volume breakout yet.
  • Price closed below 50% Fibonacci level.
  • If the channel support line shown in 3rd chart does not hold price may fall towards the golden ratio.
  • Bulls shall hope for the channel support line and oversold status to  give a bounce.
  • TATA STEEL RANGE BREAKDOWN



No comments:

Post a Comment