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SBI finding strong trend line resistance at current levels.

 

STATE BANK OF INDIA (SBI)
Charts updated for - 13th February 2015.


  • Stock earlier closed below its major trend line support zone hence gave a bearish breakout signal.
  • Its previous support now acting as a major resistance for SBI. yesterday stock has shown some bounce back but failed to closes above it resistance @ 287.
  • Close watch as long as SBI trading below 287 bears will be favored. Stock also holding below 100 DMA this too will favor bears. Close Watch.
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A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

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Intraday Tips

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