May 29, 2014

SBI Chart analysis

  • SBI Daily chart is closing in on 5 Day Low EMA Potential support line for the stock.
  • Weekly chart is forming a bearish pattern. If the current negative candle manage to engulf 75% of the previous bullish candle on closing basis then we have a Dark cloud cover pattern.
  • For bears next hurdle is the 2475 - 2530 zone which was previous resistance zone. This level may act as support if price tests it.

1 comment:

  1. your post is helpful I am always searching for informative information like this. Epic Research also gives sbi update daily .