Sunday, 12 August 2012

State Bank of India Weekly chart

SBI has closed below Major support rising trendline,5 EMA Low and golden ratio 61.8%, which is very bearish.
RESISTANCE
61.8% FIBONACCI-1915
50%-2022
Rising trendline-1945
5 EMA LOW-1970
5 EMA HIGH-2124

SUPPORT
78.6%-1762
100 %-1568

It is Sell on rises as long as it is below 5 Low Ema.

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