June 21, 2012

SBI Chart Analysis


  • SBI Weekly chart shows price getting resisted at the falling resistance line.
  • Price is unable to move above the cloud which is also negative. Week closing inside the cloud will keep bears interested.
  • Indicators in daily chart are looking negative But price has to fall below 50 SMA for the correction to extend towards 200 SMA. Price sustaining above 50 SMA may save bulls from a bigger fall.
  • INTRADAY LIVE CHART FOR SBI



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5 comments:

  1. nifty.senseJune 21, 2012 at 9:34 AM

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  2. nifty.senseJune 21, 2012 at 9:47 AM

    @ san sir.....lovely details..

    sir can u share which technical indicator u think works more accurately than others ????

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  3. SanJune 21, 2012 at 11:03 AM

    @nifty.sense
    Always try to combine two indicators. One should not use too many indicators too confirm a trade And one should not use a single indicator to confirm a trade.
    For example I love moving averages. So use a combination of Moving averages and MACD or Moving averages with Stochastic. One should also use candlestick patterns when they show up in crucial places like 50 SMA, 200 SMA or crucial support zones.

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  4. nifty.senseJune 22, 2012 at 9:44 AM

    thanx san sir....u always so friendly & helpful....
    sir wat index sud be used for stochastic & MACD???...( 12 , 14 ETC)

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  5. Jigar PatelJune 22, 2012 at 10:23 AM

    san sir can you spot some light on future and options. specailly on put and call build up by which we can know the potential range of index or stock. ( purely based on put and call build up)

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