April 13, 2012

State Bank of India Chart analysis


  • Today being a weekly close its important for price to close the week above 5 Week High EMA. If that happens price will also close above the resistance line shown in first chart. Indicators like MACD too suggest possible up moves.
  • If price fails to close above 5 Week High EMA and gives a bearish candle at the resistance line it should give selling opportunities.
  • USDINR CHART ANALYSIS

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