Saturday, May 5, 2012

SBI ANALYSIS


LAST CLOSE 1996

MAIN SUPPORT @ 1926 -1921 RANGE..


CLOSING BELOW 100 SMA AND 200 SMA NEGATIVE FOR BULLS...


CLOSING BELOW  LOWER BAND OF BOLLINGER BAND.WE CAN EXPECT SOME RELIEF RALLY FROM 1926 -1921 RANGE.....


GOLDEN RATIO (61.8%) @ 1947 LEVEL.CLOSING BELOW 1947 HELPS BEARS TO EXTENT THE FALL FURTHER..




IN MACD NO BUY SIGNAL YET....CLOSING BELOW ICHIMOKU CLOUD.ALL SIGNALS ARE IN FAVOUR OF BEARS ONLY.


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