May 15, 2013

SBI Chart analysis

  • Weekly chart shown with fibonacci levels shows price stuck in a range between 50% and Golden ratio. So a weekly close outside this range will give a clear direction for SBI.
  • For the day crucial levels are 2266 which is the 20 SMA in weekly chart and the resistance line drawn  in daily chart. Close above the resistance line may give an up move. 

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