praveen.gupta
Long

SBI Long @ Rs. 183 or Below

NSE:SBIN   STATE BK OF INDIA
NSE:SBIN
Entry 183 or below
Target 232
SL 166
SBI has formed weekly DZ 149 to 162, and Daily DZ 167 to 171.1 which is an tested zone so probability is less here to respect it in case of downfall and late on formed an 1 hr DZ at 177.5 to 182.2 which is fresh and move is excellent. on the supply side SBI has formed weekly SZ at 210 to 232, but looks week due to sentiment can be broken easily. so here is an opportunity to enter in SBI for long trade in Buy at 183 or below and hold for the two weeks.
Trade active: Script traded first two days above 184, and i observed a strong support at 184 , but on Thursday and friday it entered in our price range . But did not hit the SL price so calculation was correct, If buyed below 183 then hold it for profit.
Trade closed manually: close the position at no loss no profit , stock is dull now and now showing + ive movement.

Comments

Short reliance future and nifty future and SBI future at Mkt now!!! Book profit in bank shares. Buy nifty puts 10000 June end and keep it for a few days to multiply!!! Keep cash for emergency and better opportunities!!! Stay liquid 50%
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Hi Sir,

I have SBI 160 PE buy.. Should I hold or exit?
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praveen.gupta kartik7566
@kartik7566, exit low probability trade.
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SBI rally from 149_189 is almost over and book profit whenever possible in long positions and wait for buying below 162 now it's in selling zone and will come down significantly very soon and bulls can be trapped!! Don't short it but just book profit if you have bought it at 150_160 a few days ago!!!
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Hi preaven sir SBI share Rate How Much Increase that Next In Next Week
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praveen.gupta dharma4100
@dharma4100, your question is not understandable to me, pls write in more simple words.
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vijay239suryawanshi praveen.gupta
@praveen.gupta, Sir actually he is asking about target and net profit.
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praveen.gupta vijay239suryawanshi
@vijay239suryawanshi, Hi , i do technical analysis and based on that we can invest for the aim of profit, in today scenario we invest on the hope of profit in next few days and i see the probability is high for profit. In equity investing we should not try to forecast the market, FII and big boss changes their strategy at any moment, So nothing is sure shot in this market like post office deposits. So my way of idea sharing is that in SBI if i get share at 183 or below i should buy and hold and for certain days and as got an app price of 230 i should exit and look for the new opportunity in the market. or exit at stop loss. I have holding in SBI.
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brijeshb30 praveen.gupta
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Hello Sir, Is there a chance that SBI come below 183 for an buy, even with better results? May be profit bookings?
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