January 17, 2013

SBI Chart Analysis


  • SBI Daily chart shows a trend line breakdown.
  • Price is testing 20 Day SMA.
  • More importantly price is showing weakness at crucial weekly resistance level as seen in the last chart. Unless price sustains above 2475 levels its likely to see  a correction towards the rising trend line drawn in the last chart. Bull regain momentum above 2475 and 2529 levels.
  • STATE BANK OF INDIA INTRADAY LIVE CHART
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