September 16, 2011

SBI Intraday update

CHART-II
  • Price closing above 1935 - 1940 will favor bulls. If price sustains above 1952 for next week stock will target 2000 levels.
  • Price should stay above 1952.
CHART-I
  • Policy news is behind us now.
  • Price got resisted at 1933 levels. 
  • For the up move to continue SBIN should close an hour and day above 1935 levels.
  • Price staying below 50 Hour moving average will attract shorts.
  • Bullish above 1935-40. Bearish below 50 Hour moving average. 
By at

3 comments:

  1. chetanSeptember 16, 2011 at 12:35 PM

    sir,
    SAR @ 1931.

    ReplyDelete
  2. SanSeptember 16, 2011 at 12:52 PM

    @chetan
    1935 - 1940 is resistance levels as discussed in the post. Hour should close above it for a sustained up move to happen.

    ReplyDelete
  3. chetanSeptember 16, 2011 at 1:17 PM

    ok.thanks sir.

    ReplyDelete

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