Wednesday, February 22, 2012

State Bank of India (SBI) | Technical Chart | 23-Feb-2012

Below is the technical chart of State Bank of India (SBI), listed on Indian stock exchange, using Ichimoku kinko hyo indicator.








In the last trading session, SBI price fell down by 8.1%. It has lost its immediate momentum. Fresh buy should be done only above 2475, which was its previous high on 21-Feb-2012. On the downside, it will get support at 2111 and then at 2023.

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