Saturday, June 18, 2011

STATE BANK OF INDIA


State Bank of India has made a double bottom and RSI is showing positive divergence.  Indicating a possibility of up move from here on.

Posted alongside is a EOD chart for SBIN.


CMP: 2213.10

One can buy here with SL below 2160.  Above 2356  TGT can be 2474 > 2663.






Alternatively,  Here is a short term chart for State Bank of India, the trend is still down.  A move past 2248 will turn the trend up in the short term.

One may take entry once the price closes above 2248.



HAPPY TRADING !
SHEKHAR

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