State Bank of India technical chart | 11-Nov-2011
By admin on Nov 11, 2011 with Comments 0
Here is a technical chart of State Bank of India (SBI) listed on Indian stock exchange. I’ve used Ichimoku Kinko Hyo indicator.
On 4-Aug-2011, SBI price CLOSED below kumo and that was the fisrt signal of its weakness. From there it started its downward journey – from 2257 to current 1862. Even now, it is trading below kumo and one has to wait for its closing above kumo for uptrend. It will start its uptrend if it CLOSES above 2170. Till then, avoid this stock.
Other also read:
 |
Incoming search terms:
- s b i bank result 11 nov 2011
- banking charts in india
- banks charts images of india
- Synopsis On State Bank Of India
- TECHNICAL ANALYSIS OF SBI
You might also like:
Filed Under: India
Bullion
Bursa Malaysia
Featured
Forex
Hong Kong
India
Indicators
Misc
Tutorials
UK
USA
May 18, 2012: Fitch downgrades Greece to ‘CCC’
May 18, 2012: US bond funds witness highest inflows in five weeks
May 16, 2012: Facebook raises IPO size by 85mn shares: reports
May 9, 2012: DowJones Technical Chart | 09-May-2012
May 9, 2012: Sell GBPUSD | Technical chart | 09-May-2012
