Share Trading: SBI, Sun TV and JSPL

SBIN

SBI has been following classical technical analysis support becoming resistance, as shown in above chart, rising trendline which was supporting the upmove is now acting as resistance, stock is showing pullback as soon as it approach the trendline. Stock is also near its 200 DMA @2188 and bounced back sharply. Any close below 200 DMA on weekly basis will make the long term trend in stock as bearish.

Buy above 2220 Tgt ..

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