Monday, February 11, 2013

SBI Technical Chart | 12-Feb-2013

Below is the technical chart of State Bank of India (SBI), using Ichimoku indicator.




SBI stock price is trading inside kumo, which is a no trade zone. It has already closed below Rs.2316, which was its major support level for this week.  The same has become resistance now.

On the downside, if it closed below kumo viz. @ Rs.2295, it will start its downward journey to Rs.2182. So, make a strict stop loss of 2295.

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