Technical Analysis of Indian Equities by Nooresh

SBI — At trendline support.



SBI – Technically showing some reversal signs from the trendline supports. The recent breakdown at 2050 will continue to remain a problem.

Closing above 2050 will be an indication of medium term bottom made.

Article by Nooresh Merani

Nooresh has written 2801 articles.

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{ 4 comments… add one }
  • dharanikumar July 30, 2012, 17:11

    sir, please watch longterm charts of union bank of india,,is it buy @150

    • Nooresh July 30, 2012, 22:44

      Union Bank of India technically is weak but highly oversold.

  • Tejas July 30, 2012, 23:19

    Hello Nooresh,

    Please share your views on current decline in subex. Can we buy at this level for medium term.


    • Nooresh August 6, 2012, 00:09

      Hi Tejas,

      Its more of a falling knife as of now technically. If you have more study on the stock can bet. No view from me


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