November 2007


SBI has consolidated over the last 5-6 days as shown below on the 15 min charts. This consolidation can give us a bullish upside move if it crosses the level of 2330 levels and holds there for 45 mins.

SBI Ascending Triangle.JPG

LONGS may be initiated in SBI if it crosses 2330 levels for a possible target of 2420-2440 with a trading time span of 5-6 trading sessions .. Wait for breakout and go long !!

If it does not breakout then dont go long on SBI …

2330 LEVELS are important … Njoy

Avinash MB

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