SBI has fallen more than 50% three times in the last 10 years.
In order to find a rationale to invest, we have analyzed SBI in different time frames.
1. Demand Zone -
A demand Zone is an area where buyers dominate over sellers, there is massive buying pressure in this zone.
SBI is currently in demand zone which is around 160 to 150 levels. This...
Read the earlier published article on Auropharma. The targets on the downside are marked in the chart. Will update this chart once all filters of a short entry condition is satisfied.
The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University)...
I think price should go down, but in short term there might be some increase in price.
In hourly chart price have divergence.
In weekly chart price in range, making several tops but not be able to break them.
P.S. Please like if you find any of these information helpful.
I think there is divergence, and stock could take support of 800. Option Chain, though not like NSE:SBIN OI, indicates that price should go down.
Please comment, if you think my analysis has some mistakes. Any help would be appreciated.
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In our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to...
Similarly like Nifty the banking index also took support at the last extreme levels established by us at 22900 and bounced back. Individual banking stocks were battered down. Though we have a bullish candle formation – piercing pattern on the daily charts, the resistance weighs more. 25700, 26750 & 28250 are immediate resistance levels, price action needs to be...
The advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render...
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