Friday 17 May 2013

Technical updates on Axis Bank , LT and SBI

 

Axis Bank



Axis Bank has breached previous peak at Rs.1515 and closed at Rs.1530. Even at Rs.1530 RSI is not over bought so there are possibilities of further rally.

LT



LT has reached a major resistance line at Rs.1600 (observe green line) If LT closes above this line then once again long position can be considered.

 SBI



SBI has closed above diagonal trend line resistance. Further rally is possible as long as it is above Rs.2390.