August 12, 2013

SBI Analysis before quarterly results



  • SBI Daily chart shows price consistently getting resisted near 5 Day High EMA. Last week's attempt to stay above this level has failed.
  • Daily chart shows an inside day pattern which may work for bulls or bears. Levels are bullish above 1729 and bearish below 1636.
  • Weekly chart shows price moving towards 1571 - 1590 zone which is a critical support level in weekly time frame. 


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