SBI OVERBOUGHT ?? That's what charts say.
Hi , thanks for stopping by at the analysis.
We started off with the Weekly time frame where we marked the important key support and resistance levels, as we all know that SBI has broken its all-time high recently. But there's a pattern which we can see previously as well after drawing the counter trendlines. Also on RSI the mark is above 80 now which means profit booking may start anytime soon.
Any comments will be really helpful which are not in-line with my thought :P
We started off with the Weekly time frame where we marked the important key support and resistance levels, as we all know that SBI has broken its all-time high recently. But there's a pattern which we can see previously as well after drawing the counter trendlines. Also on RSI the mark is above 80 now which means profit booking may start anytime soon.
Any comments will be really helpful which are not in-line with my thought :P
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