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SBIN Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is moving in down channel formation, and moving up from 100 DMA , will favor bulls once SBIN closes above 2577 (Updated on 03rd September 2014, Wednesday).


STATE BANK OF INDIA (SBIN)




  • SBIN is currently moving in a down channel formation, usually it indicates stock to favor bears as long as it trades in between in down pattern, but as per current technical analysis studies stock is now trying to break its up channel pattern as shown in chart no1, close watch once stock breaks and closes above 2577 in SBIN then bulls may get active and further strength is expecting.
    • Intraday tips - close watch if sbin starts trading above 2577 during market hours , if holds above 2577 then intraday bulls action is expecting.
    • Suggested Article - What is stock exchange.
  • According to graph no2, SBIN is moving up from 100 days moving average, it will favor bulls as long sbin holds above 2577, and bulls may extrend their gain if stock closes above its down channel formation.
  • If stock moved up from current levels then SBIN will find strong trend line resistance around 2620, 2730, 2760 and 2834, as shown in graph no3. Close Watch.
  • Stock was on news on 02nd Sep 14 - The Finance Ministry has urged RBI to tighten the norms and monitoring system so that activities like fund diversion could be prevented.
    • Kingfisher Airlines allegedly diverted funds by opening a current account in HDFC Bank and had a balance of Rs. 7.5 crore as of date.
    • This fact was not known to the consortium of lenders headed by State Bank of India. These banks have an outstanding debt of Rs. 6,521 crore from the now-grounded carrier, Source: Moneycontol
  • Click here to see all the free trading reports (tips) published by us on SBIN.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.