SBI: Facing Resistance @ 200 DMA

SBI Daily NSE Stock Chart Technical Analysis:


SBI did a gap-up on 24th and remained rangebound on 25th.  The stock price has faced resistance from the 200 DMA on both these days.

Close & CMP: 2678

Market Outlook:

• The price has been in an overall bear run since November '10.  The announcement of the quarterly results on 24th Jan '11 led to a gap-up opening and rally.  However this seemed unsustainable on 25th.  Don't buy this stock yet, there may be further downside possible.
• २४ जनुअरी को रिजल्ट आने के कारण एस बी आई के भाव में काफी उछाल आया था, लेकिन २५ को फिर से भाव धीमा पड़ गया था.  अभी इस स्टॉक को न खरीदें, २-३ दिन रुक कर देखें, क्यूंकि यह अभी और नीचे भी जा सकता है.

Technical Indicators:

• The price has run into resistance from the 200 DMA at Rs 2694.  The price is trading under its 200 DMA after an entire year.
• Though there was a gap-up on 24th, it seems doubtful if that will be the beginning of a bull run.  Only if the price closes above the 200 DMA for the next couple of trading sessions and the force shows strength, we can think of it as an oncoming upswing.

SBI Daily NSE Stock Chart Technical Analysis

Cadila Healthcare: Will The Bullrun Continue?

CADILA HEALTHCARE Daily NSE Stock Chart Technical Analysis:

Cadila is on a high since a long time.  The price has constantly risen since early 2009.

Close & CMP: 840

Market Outlook:

• The price could make a downward correction this week.
• There is a chance that the price might have hit its upper limit, or might take some time to return to its upward journey again.
• If you have a long position on this stock, then be on an alert for any possible loss in value.
• If you were planning to take a long position, wait.
• In fact, there could be an opportunity to go short in this week itself.
• Cadila का भाव पिछले दो साल से बढ़ता ही चला है.  पर अभी अभी का एकदम आया हुआ उछाल संदेहशील है.  अभी एक- दो दिन देखें फिर ही खरीदें.  और अगर खरीद चुके हैं तो नज़र रखें की अगर यह शेयर नीचे जाता है तो बेच कर प्रोफिट ले सकें. 

Technical Indicators:

• The price made a Three White Soldiers candlestick formation and is now sideways since the past two days.
• This sudden spurt in price after such a long rise does not seem very promising, and it could make a tower top formation.
• The price has climbed above its upper bollinger band, and could possibly fall back.  The price has taken support on the upper bollinger band since last two days.
• There is also a chance that Cadila's bull run could be nearing an end.  Keep a close eye on this one to avoid any possible losses.

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CADILA HEALTHCARE Daily NSE Stock Chart Technical Analysis