- Interesting candle stick formation on this counter.
- Yesterday was a bearish engulfing.
- Today in all probabilities should be an inside day, plus a spinning top.
- A resistance zone is developing between 2330 - 2360 (not shown on the chart).
- It might not be out of place to expect some stalling of this sharp upmove.
- But more confirmation required before forming a strong opinion. the prevailing trend is strong.
Thursday, April 25, 2013
SBI - Technical Update
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