July 9, 2013

SBI Chart analysis

  • SBI Testing crucial support zone in weekly chart.
  • Weekly indicator is in oversold zone but price shows no reversal yet.
  • For the daily strength above yesterday's High(1881) and previous support of 1892. Weakness on sustaining below 1850. Trend in daily chart will weaken only on price closing above 5 Day High EMA Which is currently at 1929.
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1 comment:

  1. sarveshJuly 9, 2013 at 3:11 PM

    hello sir, does it seem like a falling wedge in sbin daily charts with brkout above 1930-35?

    ReplyDelete

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