June 13, 2012

SBI Resistance lines

  • SBI Near multiple resistance lines in weekly chart.
  • Daily chart is staying above 100 Day SMA as shown in 2nd chart. Daily MACD is in buy mode. Bulls need a trend line breakout to extend the up move. Weekly chart need to close above the cloud for a bigger breakout.
  • Price closing below 100 Day SMA will be negative and also will result in a sell signal in daily time frame.


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