SBI
SBI Bank : High OI build up and strong on all indicator#SBI on July 31 reported a standalone profit of Rs 4,189.34 crore for the quarter-ended June, a growth of 81.2 percent over the year-ago period, driven by stake sale in the life insurance business.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
MFI is treading UP
Stoch %k crossed above %D
William %R Trending UP
Aggressive new Long
Aug PCR OI is 0.54 means oversold.
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Resistance : 194.70 & 200 & 210
Breakout : 192.50
LTP : 191.10
Breakdown : 189.5
Support : 184.65 & 180
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Neutral in Weekly chart
3) Bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
SBI -IS it Ready to take deep dive again ?? what are your views In the previous post we talked about sbi heading towards 140 levels and its almost near those levels.
Now 143-140 is an important zone for the stock, if this zone doesn't take the price up, chances are stock is getting ready to take a deep dive again.
Investor stay away from the stock, its not a cheap bargain yet and let the stock settle and make its way.
Nifty50 very uncertainI think Nifty50 had bottomed and we might soon see reversal.
Fib Ret level 0.382 @ 7803.47 already tested if broken we might find support at 0.5 @ 6367.41 and I thank that's the lowest point NIFTY50 can go I don't see it breaking that level, so I think we are near the bottom and might soon see pullback to resistance level 0.236 @ 9580.28 good luck