SBIN Daily [ 31- Jan- 2014]

• Harami Foramtion*is seen at previous window support zone at  1512- 1533, which cannot be ignored in the light of  bank nifty index, that is also standing at its support.
• In Case stock , if unable to hold this support zone, it could then test its previous low of 1450.
• On flip side ,if stock holds the support, a little bounce can come uptill 1558, 1570.
• Further Upside in stock can only be seen if level of 1570 will be broken on upside.

* Harami Formation

First Candle: A long Bearish Candle.

Second Candle : A small bodied Candle within the range of first candle.

For Previous analysis , click on the link below:
http://techincallearning.blogspot.in/2014/01/sbin-3-01-2014.html