May 29, 2014
- SBI Daily chart is closing in on 5 Day Low EMA Potential support line for the stock.
- Weekly chart is forming a bearish pattern. If the current negative candle manage to engulf 75% of the previous bullish candle on closing basis then we have a Dark cloud cover pattern.
- For bears next hurdle is the 2475 - 2530 zone which was previous resistance zone. This level may act as support if price tests it.