October 26, 2012

State Bank of India Chart analysis

 
  • Daily chart looks like a Descending triangle pattern.
  • Crucial support zone between 2171 - 2191.
  • Weekly chart shows price falling below 100 Week SMA. A close below this line should favor bears of SBI. Weekly stochastic too has given a sell signal and a possible fall towards Middle Bollinger Band could happen.
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1 comment:

  1. AnkushNovember 6, 2012 at 7:38 PM

    Thanks Sir...On Hourly basis,SBI Turn into Buy above 2167 as my charting .We used advance Get ESIGNAL..Plz confirm sir abt ur Valuable Suggestion

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