• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

SBI has been the driving force behind Sensex last week. It has overtaken its previous high of Rs 1,015 made in April 2006.

Also notable is the fact that it has closed above Rs 1,000 for the week.

The short-term trend will remain positive as long as the price stays above Rs 1,000. Hold your long positions with a stop at Rs 995.

The momentum in the weekly chart continues to be robust. The stock can move up to Rs 1,055 and then Rs 1,109 in the short-term.

But, do not initiate fresh longs if there is a fall below Rs 1,000.

Lokeshwarri S. K.

More Stories on : Technical Analysis | Technical Analysis

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Investment Quiz

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line