My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 12, 2013
SBI Chart analysis
SBI Has violated the neckline of the Head and shoulders pattern. But stock is lacking downward momentum. Price has to break below 1976 for further down moves to happen.
Strength can be seen on price trading above 20 Day SMA and the down trend line. Immediate resistance level at 20 Day SMA.
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