SBI stock

POSTED BY vazzy ON October 5, 2010 12:29 pm COMMENTS (2)

What is the near term lookout (1 to 2 months) for this excellent stock (STATE BANK) ?

2 replies on this article “SBI stock”

  1. Manish Chauhan says:
    October 5, 2010 at 1:30 pm

    The stock has been continously running upside from last many months .. technically speaking its tough to get any view and its a very short term ..

    If you understand techicals , then read this

    RSI is above 70 and slow stocastic shows negative direction (prices moving up , techical going down) , so better take is as warning signal for movement slowing down . my gut feeling says that it should cool down a bit in next 1 month and then it can again resume its upmove , buy at 5-10% downfall incase you have not bought it already

    If you are holding this stock from last 1-2 yrs, better book 50%

    Manish

    Reply
    1. vazzy says:
      October 5, 2010 at 1:36 pm

      Tx Manish

      Reply

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