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Saturday, 23 March 2013

SBIN

SBIN

SBIN is very near to an important Gann angle support which is at 2040. There is another support line  (red color) which is at 2022 . The break of red colored trend-line  can take this counter to 1875 level which is an another long term trend line ( pink color). A long trade can be initiated from 2040-2022 levels.with stop-loss at 2010 (closing basis). And a short trade can be initiated from 2010 for the target of 1875.


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