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Thursday, September 8, 2011


Looks like a BEAR Flag developing here. We have seen previous such movement in the stock  which are marked by thick PINK channels. Stock has  seen heavy selling after such movement. Also note the OVERBOUGHT OSCILLATORS. The up movement has been lacklustre compared to the huge swing in Nifty. Also it is near the mid bollinger band which provided good resistance or support on  a number of occasions.

Is it predicting a renewed Eurozone crisis or SBI rate hike or BOTH??

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