July 31, 2012

SBI Chart analysis before RBI policy



  • SBI Weekly chart shows  a triangle shaped contraction pattern. Price is taking support near the support line.
  • It's a crucial day for the stock because of the RBI policy. Good news should result in an up move towards 50 Day SMA and a cloud break should target the upper resistance line shown in first chart.
  • Price unable to sustain above 200 SMA should resume the fall.
  • NIFTY CHART ANALYSIS
By at

3 comments:

  1. sometimesbullsometimesbearJuly 31, 2012 at 9:46 AM

    SBI is in a bad shape SAN

    ReplyDelete
  2. SanJuly 31, 2012 at 12:34 PM

    @sometimesbullsometimesbear
    Yes It is,
    Yesterday's bulls are getting engulfed. Lets see how it ends.

    ReplyDelete
  3. UnknownAugust 28, 2012 at 2:26 PM

    RBI Report on Enhancing Liquidity in Government Bond and IRD Market

    RBI released the report on enhancing liquidity in the government bond and interest rate derivative (IRD) market on the 13th of August 2012. I thank RBI for taking my inputs and recognizing my contribution to the report. Read full report . . .
    Visit : http://investorsareidiots.com/home/union-budget-2012-13-2/

    ReplyDelete

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