SBIN - 259 - I knocked Your Door!!!
Updated
Hello Fellow Traders,
Last price - 269.50 - 11:43 Hrs IST
Good Morning!
Review of last update
Knock - Knock ! 259 - As suggested if holds ( no buy position below 259 ) it came close at 260 & moved twice upside to 269-270 zone. You miss me - I shall come back again
Last Idea - SBIN / Auropharma - Trading with me 21st / 22nd May 2018
----------------------------------------------------
Trading Strategy
----------------------------------------------------
Plan 1
If I come back again in 260-262 zone & hold above 259 (strict stops below 259) - you could see me flying again to 270- 278-285
Plan 2
Above 272 -for same targets as mentioned upside.
Plan 3
Sell in between 269-271 with strict stops above 272 for targets 265-262 - Continue with plan 1
-------------------------------------
I am blessed to be part of this wonderful trading community & hope you too have the same feeling.
---------------------------------------------------------------------------------------------------------------------------------------------
To be read post market - chai (Tea) ke saath
---------------------------------------------------------------------------------------------------------------------------------------------
Last week, it was an amazing experience as I got an opportunity to attend Asia's largest 3 day residential conference - Traders Carnival 2018 & don't have words to express my feeling at this moment.
You can visit Bloomberg quint website & search for videos under tab- "Traders Carnival" to check all eminent speakers.
Something which left goose bumps to wind up the carnival 2018 was punch line used by eminent speaker -Dr . Velumani ( Value Money) "riches to rags story" - "Jo niche baitha hee nahi -woh uppar kaise baithe ga" - Translation - " Those who did not sit down -How they can sit up" & other punch lines - " I became bald (touching his head) because of my father & became bold because of my mother"
It was sheer pleasure to meet such a wonderful soul / personality which shall stay with me till the time I survive.
Thyrocare - Dr. A. Velumani, Promoter, Chairman, Managing Director and Chief Executive Officer
Last price - 269.50 - 11:43 Hrs IST
Good Morning!
Review of last update
Knock - Knock ! 259 - As suggested if holds ( no buy position below 259 ) it came close at 260 & moved twice upside to 269-270 zone. You miss me - I shall come back again
Last Idea - SBIN / Auropharma - Trading with me 21st / 22nd May 2018
----------------------------------------------------
Trading Strategy
----------------------------------------------------
Plan 1
If I come back again in 260-262 zone & hold above 259 (strict stops below 259) - you could see me flying again to 270- 278-285
Plan 2
Above 272 -for same targets as mentioned upside.
Plan 3
Sell in between 269-271 with strict stops above 272 for targets 265-262 - Continue with plan 1
-------------------------------------
I am blessed to be part of this wonderful trading community & hope you too have the same feeling.
---------------------------------------------------------------------------------------------------------------------------------------------
To be read post market - chai (Tea) ke saath
---------------------------------------------------------------------------------------------------------------------------------------------
Last week, it was an amazing experience as I got an opportunity to attend Asia's largest 3 day residential conference - Traders Carnival 2018 & don't have words to express my feeling at this moment.
You can visit Bloomberg quint website & search for videos under tab- "Traders Carnival" to check all eminent speakers.
Something which left goose bumps to wind up the carnival 2018 was punch line used by eminent speaker -Dr . Velumani ( Value Money) "riches to rags story" - "Jo niche baitha hee nahi -woh uppar kaise baithe ga" - Translation - " Those who did not sit down -How they can sit up" & other punch lines - " I became bald (touching his head) because of my father & became bold because of my mother"
It was sheer pleasure to meet such a wonderful soul / personality which shall stay with me till the time I survive.
Thyrocare - Dr. A. Velumani, Promoter, Chairman, Managing Director and Chief Executive Officer
Trade active
14:15 Hrs 28th May 2018Last price@272.15
As per plan 2 - selling in between 269-271 - 272 was held for 2-3 hours & trapped in 272-270 range finally to take out 272 highs so we can expect 275 -278 but be cautious in buying at higher levels as these are intraday trades as we expect weakness below 270 levels
Trade active
18:09 Hrs 28th May 2018Last price@272
As suggested above 272 - we shall look for 275 - went close again as 274 - habitual offender now - leaves some bit to confuse traders.
Next, if you get to sell below 275 - strict stops above 275 - going below 270 - we shall execute as plan -2 stated above.
Note
18:12 Hrs 28th May 2018Pardon - as mentioned above "plan -2" apologies - that plan has been executed for targets mentioned 275 -278
Trade active
20:29 Hrs 28th May 2018Last Price@272
Any moves below 270 & sustains below 270 can be early warning for SBI lovers. Any long call only be taken only above 275 & strictly holding above 275(I repeat) - else you will get new Neighbour - Mr. Trouble
Take Care! - Happy Trading Day@29th May 2018
Trade active
08:57 Hrs 29th May 2018Last Price@272
Good Morning!
Downside target holding below 275 shall be 270 - 265 - 262 ---- Can expect bounce upside again from 262-265 zone if 259 is holded on downside & later we look again for 270 - 275 - 278.
No buy trades in later part if 259 fails to provide support - Above 275 higher resistance zone could be 278-280
Cheers!
Trade active
11:27 Hrs 29th May 2018Last Price@268
Recent Low@267.25
Spending lot of time between 267-268 -looks like searching for support so we book profits in sell taken below 275 & wait outside
Risky traders only to buy with strict stops below 267 spot rate for targets upside -270-274
Trade active
12:19 Hrs 29th May 2018Last Price@266.30
Day Low@265.80 - Spot
Lost 1 point as risky trader - we will be little cautious on downside as any further downside objective only below 265 as suggested earlier & we are waiting for reversal sooner or later holding above 265.
Trade active
14:51 Hrs 29th May 2018Last price@264.15
Day Low@262.80
Bank Nifty Puked 350 points in whole day from top & No Supports so do SBI - Below 265 - close to 262
Note
08:24 Hrs 30th May 2018Last Price@264
Good Morning!
Below 259 - It will go for a ride - camels ride! SGX Niifty - 74 Points Down
Trade active
09:18 Hrs 30th May 2018Last price@261.15
Remember if 259 is holded then it will bounce to 270-275-278 as suggested earlier - it turned from 259.95 - Risk -Reward can be awesome.
We are just losing 1 buck & shall make 10 - 15 -18 bucks upside
Trade active
11:50 Hrs 30th May 2018Last Price@263
Nice Support & We got a chance to buy at 260's - Just 1 buck as stop & target 10- 15 - 18 buck -Even Bank Nifty recovered as SBI starts moving upside from 259 -260 zone - Awesome. Cheers!
Trade active
13:05 Hrs 30th May 2018Last Price@265
SBIN & Bank Nifty Moving - Last SBIN was at 263 & Bank Nifty was 140-150 points down - Now Bank Nifty is 50 points plusssssssssss.
Trade active
14:18 Hrs 30th May 2018Last price@265.25
Now we trail our stops above buying price which was 260 - keep the stops at 261.40 & hold the SBI trade for 270-275-278 targets upside.
Trade active
15:12 Hrs 30th May 2018Last Price@267.20
SBIN in action again from 265.25------------ Nice
Trade active
09:33 Hrs 31st May 2018Last Price@265
We have our profit stops at 261.40 & holding long position - kindly do not over-trade. holding above 264 as precaution level we have positive bias -if goes below 264 - we will take the profit & wait at sidelines.
Trade active
10:57 Hrs 31st May 2018Last Price@265
Hope I made it clear that going below 264 -we book profits but Bank Nifty bouncing above 26400 shall make SBIN positive above 264.
Trade active
12:03 Hrs 31st May 2018Last Price@265.75
Slowly & steadily moving upside as Bank Nifty holding above 26400 can be clue for SBIN.
Trade active
14:57 Hrs 31st May 2018Last Price@269-270
We book partial profits & buy later above 270 if it moves next
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.