AbhishekHSinghCMT
Long

SBIN - Picking The Top- 307 to 277- Hot Trade

NSE:SBIN   STATE BK OF INDIA
Hi All,

Excited to come up with this video idea. Thanks for all your support. In case you want to reach me -kindly use public chat unless it is too personal

Note
Personal Messenger Reverts can take some time for me as I get 100+ messages everyday & if someone of you asking me stock suggestion -that is not possible as I have to understand it astrologically also ( Janam Patrika - Birth Chart)

Looking at the Birth Chart of the Stock takes time.

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Note - This Trading Strategy is valid only if holds above trendline & support in zone 275-277 zone. Do consider your risk management before trading.

Trading Strategy


Last Price@280.50

Short Term Trading Strategy

Look for support from neckline extended in right side holding in the zone 275-277 & above the trendline is good opportunity to expect a bounce or upside move to 285 -290 levels where selling can happen later

Long Term Trading Strategy

Long Term Strategy - as put in last video idea - "Ulta Pulta- Upside Down" have mentioned we look for 200-210 zone - but with important stops in between like 275 - 250 & 200-210 zone

Last Video Idea - Ulta Pulta TradingView Feature

Trade active: 10:58 Hrs 30th Jan 2019

Last Price@284.50

Day High @ 285

285 is the Psychological level & can be short term resistance so always trade with 5 points in mind as suggested

If holds below 285 - It can slip down to 280-277
Trade active: 13:45 Hrs 20th Jan 2019

Last Price@287.15

Trader should never be in doubt as suggested above that - short term sell can be taken if it remains below 285 - not holding below 285 - bulls will be intact close to 290 levels as suggested in the trading strategy.

Any time if it falls below 285 -holds below 285 - we can expect 280-281 & below 280 as 276-277 target zone.
Trade active: 14:21 Hrs 30th Jan 2019

Last Price@288.65

Day High@289.25

Be careful here in the zone 288-290 - we are heading close to target of 290 as suggested - book your profits & take rest - holding above 290 only it can continue upside or it may slip downside

As Markets can turn upside down - "ulta pulta"
Trade active: 14:51 Hrs 30th Jan 2019

Last Price@286.30

Started its fall from day high@289.40 suggested at 14:21 Hrs / Nifty also falls hard as suggested - "Ulta Pulta" Nifty slips from 10690 to 10620

SBIN at 14:35 Hrs



SBIn at 14:51 Hrs

Trade active: 15:09 Hrs 30th Jan 2019

Last Price@288.25

Once it started its fall from 289-290 zone - where it stopped - above 285 (just above)

Making another attempt if 290 intact on upside - we are likely to see 285 back - below 285 - 280-281 & below 280 - 276-277
Trade active: 15:24 Hrs 30th Jan 2019

Last Price@287.15

2nd Attempt of fall started below 290 highs -this time from 288.70 highs

Trade closed manually: 06:48 Hrs 31st Jan 2019

Last Price@287.45

If you get to buy in the range 275-277 holding above trendline -it will be good else keep in mind moving above 290 -it can continue its up move

In between those who have been selling close from 290 should be careful not to be in selling trade if it moves above 290. Below 290 - have suggested drop to 285- 280-277.

Thanks
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
we are waiting for a video oN AUROPHARMA !! sbi video is awesome !
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@yeshuyesh45, Cheers!
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Its one of my favourite stock. Thanks for the post.
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@vanathi, Welcome!
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thanks for the video!
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@ganrocks28, Welcome!
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