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NISM Certified Research Analyst & Mutual Fund Distributor.

Monday 25 March 2013

SBIN : A SERIOUS ALERT

THE COUNTER TODAY HAS GIVEN A VERY WEAK CLOSE AT 2058. THE COUNTER IS FORMING DOUBLE TOP PATTERN ON A DAILY CHART AND ON A WEEKLY CHART IT HAS FORMED H&S PATTERN. THE COUNTER IS TRADING BELOW ITS NECKLINE PLACED AROUND 2085 LEVELS. WEEKLY CLOSE BELOW 2080 LEVELS MAY ADD TO FURTHER WEAKNESS AND THE COUNTER MAY KISS 1680-1650 LEVELS...... DONT FALL IN LOVE...... DONT BUY UNLESS AND UNTIL CLOSES ABOVE 2090 ON A WEEKLY BASIS.
 
 
DAILY CHART
 
 
BELOW IS THE WEEKLY CHART
 
 
 
 
 

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