AbhishekHSinghCMT
Education

SBIN - Ulta Pulta -TradingView Feature

NSE:SBIN   STATE BK OF INDIA
SBIN - Turn it upside done ( Ulta Pulta) - TradingView Exciting Feature

Head and Shoulder & Inverse Head & Shoulder (killroy)
Book - Technical Analysis of Stock Trends by Edwards and Magee


The Head and Shoulders Bottom (Reverse Head and Shoulders ) is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, anked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the rest two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline – drawn between the two highs – to conform the BULLISH reversal. The Head and Shoulders Top is the bearish counterpart signaling a major trend reversal downward.

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Short Term Trading Strategy

Risky Traders
Look to buy if 285 is intact downside - holding above 285 we shall look for 310-320 target zone as shown using magical box in the video

Safe Traders
Look to buy only above 295 for 310-320 target zone as mentioned above in risky traders strategy

Traditional Target (Bookish Measurement)
Vertical Distance from Head to Neckline - projecting it from neckline above or below once right shoulder formation is done & you see volume surges or increase as a confirmation tool for respective direction move.
In current case traditional target comes between 335 -340 zone only once it crosses above 325 and holds above that level for 335 -340 target zone

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Long Term Trading Strategy

Plan A- Selling at tops
If stock faces resistance between 310-320 zone be careful as fall could be severe taking it down all the way to 250 -230 & even close to 200 levels.

Plan B- Buying at bottoms
If you get the stock between 200-210 zone & it gets support then look for explosive move back to 300 - 335 -350 & above 350 - "Up -Up & Away" post the expected fall as discussed in Plan A above

Thanks for watching the video. Have a nice trading week ahead.


Trade active: 09:05 Hrs 18th Dec 2018

SBIN Update

Risky Traders -only take buy call as suggested that too if 285 is holding on downside -going below 285 -no trades at all - do read trading strategies above

Auropharma Update

Trend - downside - stock is weak if remains below 751

We shall remain bearish -weak for the day in this stock if it remains below 751 -which is key resistance for the day - expect downside target as 730-733 -going below 729 - it can attempt 720-722 & below 715 -it can puke more.

Thanks
Trade active: 12:52 Hrs 18th Dec 2018

Auropharma Update

Last price@733

Low for this session -729 ----------- Wow - as suggested in morning update that we look for downside target 730-733 is done & we look next below 729 for 720-722 zone.
Trade active: 14:37 Hrs 18th Dec 2018

Auropharma Update

Last Price@736.50

Bounced 7-8 bucks upside if starts falling below 735 & holds below 735 then it may drop to 730 & below 729 -it shall attempt 720-722 as suggested in morning.

SBIN
There is hardly any move but risky traders are in "buy call" above 285 as suggested in strategy part.

Thanks
Trade active: 10:45 Hrs 19th Dec 2018

SBIN Update

Last Price@298.40

Moving upside as expected

Auropharma Update

Magic of 729 - Price holds & gave 2 opportunity for buying close to 729 as below 729 -we expected for a fall to 720-722 zone
Yesterday - it was suggested below 735 we shall look for 730 - it kissed 730 & took U-turn
Trade active: 10:48 Hrs 19th Dec 2018

Last Price@737

Below 740 we shall look again for 730 - Below 729 for 720-722 as suggested earlier.

Thanks
Trade active: 19:50 Hrs 8th Jan 2018

Last Price@305

As per short term strategy mentioned for "Risky Traders buy at 285" & "Safe Traders Buy at 295" is active & could kiss the target zone soon.

Keep a watch next with "Long Term Trading Strategy" Thanks.
Comment: 19:52 Hrs 8th Jan 2019

Last Price@305

Sorry for using 2018 instead of 2019!
Trade active: 10:39 Hrs 11th Jan 2019

Last Price@303

We suggested in the update that we look for 310-320 zone & it made an attempt to 307-308 & struggling at tops so we should be careful next in buy positions
Trade active: 11:15 Hrs 18th Jan 2019

Last Price@298

Still struggling at current levels of 298 - earlier updated that we should be careful at tops - it had a fall again from 306 levels close to top between 307-308

It can drop close to 293-295 next holding below 298 levels
Trade active: 20:16 Hrs 18th Jan 2018

Last Price@295

Dropped to 294 as suggested -look to sell below 298

Next week -going above 295 & holding above 295 - we look for 305 -310 upside reaching the resistance zone 310-320 as expected in the main update above.

Thanks
Trade active: 13:11 Hrs 23rd Jan 2019

Last Price@289

Has SBI started the big fall which we discussed in the video post buying from 285 levels for Risky Trader and Safe Trader buying above 295 - reaching close to 307 - 308 zone as updated on 11th Jan 2019 - we "should be careful in buying positions"

Look what happened- it puked from 306-307 later making highs in 307-308 zone

Failed to go above 295 - Now 300 is a very important level

Below 295 - we are in sell position & likely 307 -looks the top but still, it is too early to say so we are open on both sides.

If in coming days it fails to move above 300 - that will be a bad sign for bulls.

Do check the video. Thanks
Trade active: 12:41 Hrs 25th Jan 2019

Last Price@289.70

Recent Low@285 could be good support & we can expect bounce upside once SBIN keeps moving above 290 - You remember the "level -285" which was suggested to Risky Traders as "Buy" - SBIN moved upside to 307-308 where we updated again that - be careful from this zone & we got selling from 306 to 285

Next bounce can take it back close to 295-300 zone.

Thanks
Trade active: 22:41 Hrs 28th Jan 2019

Last Price@281

SBIN - We are moving in the long term strategy sell from the tops as suggested between 310-320 - it just missed by 3 points & topped at 307-308

But ------ Warning was suggested when it started falling from 307-308 - next time it gave a chance close at 306 - look the fall.

Good Night!
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
Nice Video Abhishek:-) Good Work:-) Helpful for all.. Thank you so much..
Reply
@stockschandru, Welcome !
Reply
Nice video ..! Enjoyed watching :)
Reply
AbhishekHSinghCMT hemantmandhare
@hemantmandhare, Welcome !
Reply
Plan A- Selling at tops
If stock faces resistance between 310-320 zone be careful as fall could be severe taking it down all the way to 250 -230 & even close to 200 levels.

Can you please explain this.
Reply
@dcchakravarty, See 352 (350-355 ) is big time resistance zone if you check -it has been rejected twice from 350 levels so -long term bullish only above 350's or we look for correction if it fails to move above 350 handle & we look for 1st resistance zone 310-320 -we need to careful -if crosses 325 then we look for 335-340 zone finally well below 350 levels. Moving above 350-355 zone -path is all clear - no hurdle as it will move in uncharted territory for the first time in years.
Reply
dcchakravarty AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you! Got it!
Reply
@dcchakravarty, Correct !
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Nice Video, but why do you say it will fall hard if rejected from 330 levels please.
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Good One Abhishek, nice way to explain !
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