Dear Friends
I am sure all of you who are active on this forum remember my analysis dated 6th Feb 2008 of SBI showing a rounding top pattern. Not many people probably believed, as the price then was above Rs 2200/-.
The scrip is now having touched Rs 1725/- ; very near to the target indicated of near Rs 1600...
Over all , the markets seem to have entered the second phase of the bear market - a phase when more fundamentally negative news flow in .. .
Would appreciate your comments
CA Rajiv D Khatlawala
I am sure all of you who are active on this forum remember my analysis dated 6th Feb 2008 of SBI showing a rounding top pattern. Not many people probably believed, as the price then was above Rs 2200/-.
The scrip is now having touched Rs 1725/- ; very near to the target indicated of near Rs 1600...
Over all , the markets seem to have entered the second phase of the bear market - a phase when more fundamentally negative news flow in .. .
Would appreciate your comments
CA Rajiv D Khatlawala