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SBI

Discussion in 'Technical Analysis' started by verenmitter2001, Jun 12, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    SBI shows a double bottom pattern. is it a good time to buy with sl of 1990?

    regards
    veren
     
    verenmitter2001, Jun 12, 2013
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  2. vishuhd1

    vishuhd1 Member

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    Nice pick Veren.. If Nifty holds 5760 levels, you can go long in this counter..
     
    vishuhd1, Jun 12, 2013
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  3. verenmitter2001

    verenmitter2001 Member

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    Ok Vishnu but is yet to reply on this
     
    verenmitter2001, Jun 12, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    No Not yet. Wait for the leg up and bottom being confirmed.
     
    shabbir, Jun 13, 2013
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  5. shwetagnema

    shwetagnema Active Member

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    it has just touched the support level and not yet taken support......until it takes upmove, I don't think it is a buy
     
    shwetagnema, Jun 13, 2013
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  6. sunny_sachdeva

    sunny_sachdeva New Member

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    HI Friends ,


    can anyone send me the snapshot marking this yet to be double bottom

    i dont know i cant see this bottom making out
     

    Attached Files:

    sunny_sachdeva, Jun 15, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    There is no bottom in your chart.
     
    shabbir, Jun 15, 2013
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  8. sunny_sachdeva

    sunny_sachdeva New Member

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    Thats why i am confused . i refer yahoo finance and if you look at the dates its of 14 june 2013 . if you can see bottom why cant i see
     
    sunny_sachdeva, Jun 16, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    Refer candle stick patterns in Yahoo finance and you should be fine. I did not see any bottom and that is what I posted on 14th June.
     
    shabbir, Jun 16, 2013
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