Sunday, April 15, 2012

SBIN flag formation on charts.Target 2700-2800 in medium to long term

SBIN - Flag formation is on cards.It could not break the upper band of trend line on Friday. It seems if close above 2270 on closing basis, it can go up to 2700-2800 rupees.

One observation, many nifty stocks are making this pattern including nifty. It seems long term nifty target of 6000+ seems to be in making. Time will tell us the story.




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