My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 29, 2015
SBI Trend update
Lest start with the weekly bullish divergence which is the only positive thing seen in chart for bulls. But for this to work well price need to move and sustain above 200 SMA. Daily chart clearly shows a bearish channel, Price need to move out of the channel for bulls to gain some momentum.