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