SBI WEEKLY CHART
- The stock is trading near the channel resistance.
- The stock went up with low volume.
- look for a trend line break which can give at least 100 points on the down side.
- MACD in daily chart is about to give a sell. will be confirmed in the next 2 days.
- keep the channel top as stop loss and look for a short trade.
thank you
Dear San,
ReplyDeleteGood eve.
The ULIP matter has changed all the game after Friday session.Up to Friday eve the ball was in Bulls court,they were the decider then where and when to play,but after the news the scene is transferred now so miraculously that Bears got the driver's seat today.The 5300-5400 CE and PE's O.I. are so threatening that one should tread accordingly/cautiously.Why I like your TA Posts/observations/comments because it is coming at the right time when a trader like me needed most.Your analysis gives me the confirmation for my own observation.By the way your mail id anoopsane@.... You are Dear Anoop Sane for me, am I right? Thanks.Good night.
Dear Mynac,
ReplyDeleteGood morning.
The ULIP matter can be resolved with the intervention of FM and the COURT. But during the course some important levels in nifty may break down.
And we have a slow grinding up move in DOW JONES near 11000. And in NIFTY a slow grinding down move from 5400. so the price is giving me a feel that there is some more worst news on the way.
So some shorts will be there and if nifty has to move up it should be with the help of short covering, provided there are not bad news globally.
Mynac your right i am (anoop). san is the short form of my dads name
thank you
anoop