SBIN Building Resistance around 295 Zone Short

STATE BK OF INDIANSE

Description

⋅ Jul 17, 2017 5:36 AM

SBIN is showing short term price rejection pattern which indicates a possible resistance around 295 - 296 zone. And could test the previous swing low 270 zone in the short run. Price closing above 296 on EOD basis invalidates the pattern.

Trend Analysis sbin

Comments

AMBRISH

⋅ Jul 17, 2017 1:59 PM

Thank You for your analysis on SBI.

sandy

⋅ Jul 17, 2017 12:36 PM

as per ichimoku also same resitance with time span calculation.i dont know about 270 but 283 seems possible before going up