Wednesday, February 13, 2013

Let us have a look at State Bank of India`s charts. It is about to announce its Third Quarter Results tomorrow, on February 14, 2013.
We look at the long term monthly charts first.We see it is in a down trend .he question is whether B is over and C has begun? If so we are looking at a support level of 1870 to 1900.

SBI Monthly February 2013
We also note that the RSI has turned down from middle of the chart.This normally portends a decline.
Weekly MACD also has turned down signalling an imminent down trend...

On the daily chart, BX Trend line seems to have been violated.61.8% Fibo level is around 1950.

What does Astro say?

On February 14, 2013, both the transit Ascendant and the Moon are in the 12th house.Not a nice place to be. SBI is undergoing Mercury Dasa Jupiter Bhukthi. Jupiter and Mercury are in inauspicious 90 degree formations both in Natal and Transit charts. 
It looks like there is some more pain in SBI for the time being.

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