September 11, 2012

SBI Chart Analysis

  • Crucial support for SBI at 1802. Closing below this level could take SBI towards 1761 and 1705 levels.
  • Resistance levels are 1914 and 1936. Sustaining above these levels could take SBI above 2000 again.
  • Oversold stochastic will favor bulls only if SBI trades above 5 Week High EMA(1936).

1 comment:

  1. Dear San,
    SBI is trading above 1936. Hope we can go long when we close above this. ICICI bank is also trading now on a 6 month high. Pl let me know your views on IBANK.
    Thanks and regards

    Sivakumar S