Monday, March 4, 2013

SBIN Mar 03 Analysis



  • Weekly chart displays the FIbo levels from 891 levels to 3515. Crucial support at 61.8% level 1894.
  • Observe that the long term trendline also coincides with 61.8% Fibo level.
  • ADX in strong trending phase. Immediate supports at 2040 & 2050. Close below BOTH these levels, bears to target 1900 levels.

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