SBI : waiting for a break out
SBI (six months, daily)
SBI is waiting to break out of Rs 2500 price. It has shown higher tops and bottoms, MACD is above '0' line, RSI is not yet overbought and directional index indicates uptrend continuation. With Indian economy expected to grow at 8.4% SBI could be the main beneficiary. Fresh additions could be initiated above 2500.
rgds
Vibhas
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2 comments:
Hi Vibhas, I am really glad to see such a nice & continued initiative by you. I am a delhi MNC manager with some idle money. I wish trade in stocks but i dont have any knowledge with regard to stocks charts reading. Pls. help me ... if you can guide me to some tutotiral how to begin with...
Hello Jimmy,
Good to hear from you. Do read my past posts. They are based on charts and the then existing situation. So you can also check out if charts did actually help us make some gains. Do start with Dec 2006.
rgds
vibhas
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