Technical Analysis:SBI and Ambuja Cement

By | February 2, 2012

SBIN

 

SBIN is declaring its results today.Stock has both trendline resistance at 2088 and 200 SMA@2098. Good Results are already factored into market as per current rally .

Stock is Overbought on Daily charts

Buy above 2100 TGt 2115 and 2142

Sell below 2068 TGt 2042,2023 and 2004

 

 

Ambuja Cement

Double Top formation which is bearish in nature.

Sell in range of 165-166 TGt 162.5 and 159.8

 

One thought on “Technical Analysis:SBI and Ambuja Cement

  1. karthik

    hello ,
    sir ambuja cements have given breakout(abc pattern) trade with very gd volume it is a buy ,kindly give me ur advice

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