State bank of India becoming strong on weekly charts with breaking downtrend resistance line and gives breakout on relative strength indicator and seems good buying absorptions too which is indicating coming good volumes and higher prices
CAUSE OF LONG-:
1- Falling resistance trendline breakout
2- Relative strength indicator breakout
3- Good buying absorptions indicating resumption of up moves in this counter
CAUSE OF LONG-:
1- Falling resistance trendline breakout
2- Relative strength indicator breakout
3- Good buying absorptions indicating resumption of up moves in this counter