State Bank of India (SBI) Technical Chart | 13-Mar-2012

by admin on March 13, 2012 · India


GD Star Rating
loading...

Below is the technical chart of State Bank of India (SBI), listed on Indian stock exchange, using Ichimoku Kinko Hyo indicator. For better results, I’ve used weekly time frame.

 

 

 

 

The price is trading inside kumo, which is no trade zone. On the upper side, chikou-span line will face resistance at kijun-sen line @2335.7. But the main point here is flat kijun-sen line @2023.70. Not only on this chart, but many charts on Sensex are showing the same flat lines. Now, does that mean that market is planning for 10% correction? Who knows the answer? But time is good to book profits. 

If you’re a mutual fund investor, continue with your SIP.

 




Subscribe Updates, Its FREE!

Email ID:




+Admin

admin March 13, 2012

Those who found this page were searching for:

dodacharts ichimoku,using ichimoku on india stocks,nifty technical chart indicating golden cross,indian stock ichimoku,free trading platform for indian stocks with ichimoku,march 2012 sbi share marketing charts,SBI HOLIDAY 2012,pictures os sbi,indian stock market discussion forum,SBI MARCH2012 CHART IN SHARE MARKET

Leave a Comment

Previous post:

Next post: