SBI and Bharat Forge Technical Charts

By | November 10, 2010

Bharat Forge

Bharat Forge is in trading range from 365-390 levels and been trading in between those levels from past few trading sessions.

Stock looks like it will break 390 levels as MACD is giving a buy signal STOC also in buy mode.Volume on higher end

Buy above 393 Tgt 399 and 409

Sell below 390 Tgt 383 and 377

State bank of India

Daily Chart:

Daily Chart of SBI is attached below.Click on Chart to enlarge.

On Daily chart stock gets support at 20 DMA and have been marked.All corrective phase in present bull run are either stop around 20 DMA or 2-3% below it.SBI broke 20 DMA today at 3232 today and looks like will take support around 3145 level before giving an upmove.

Weekly Chart:

Weekly Chart of SBI is attached below As seen from Chart 5 EMA Low has provided SBIĀ  support in in all corrective falls it has seen in this Bull run.

I have marked the support it got in most of the Corrective phase.Click on Chart to enlarge.

5 Day EMA Low now stands at 3145 and this is an important level which needs to be watched.

SBI if able to sustain 3150 level it can than see upmove till 3250 and 3363 levels in short term

If 3150 breaks than lower level can be 3110,3006 and 2804

One thought on “SBI and Bharat Forge Technical Charts

  1. Kesavan

    Sir,

    Today, NIFTY RT chart suddenly stopped showing real time chart around 2pm..

    i am getting this below error in Mozilla Firefox

    Security Error: Content at http://googleads.g.doubleclick.net/ may not load data from http://nifty.brameshtechanalysis.com/.

    On the top of the page, i can see this content,

    meta content=’Nifty Trading – Live news, charts, free tips, intraday and futures about nifty 50 index’ name=’description’/>

    Please advice how to see RT chart

    Thanks

    Regards
    K7

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