Kinnari_Prajapati

Anybody can recognize the Pattern on SBIN?

Short
NSE:SBIN   STATE BK OF INDIA
The following parameters are measured:

  • "B" is less than 61.8%
  • 2.61.8 BC projection @ 243
  • 1.618 AB = CD at 237.5
  • 1.27 AB = CD at 226
  • 1.13XA retracement already done.

Reversal target can be utilized as 218 OR 226?

Reversal zone
243 or 237.5
Trade active: This can be activated by Pattern but we need T-Bar to sell this stock ... 245-249 can max level from now.
Trade closed manually

Comments

Hello Mam, great analysis as always....I booked profit in morning @238.
Should we wait for 240-243 levels to short it?
+6 Reply
Kinnari_Prajapati enthusiasticgagan
@enthusiasticgagan, Yes but, we need confirmation for reversal such as Terminal Bar, Big Tail with Higher Volume.
Reply
enthusiasticgagan Kinnari_Prajapati
@Kinnari_Prajapati, I think missed the train.
Reply
45 Abhi 5 min one more
+2 Reply
BEARISH BAT PATTERN I GUESS MAAM
Reply
great Analysis.👍
Reply
Hello mam. Excellent predictions. Will it go down or up tomorrow? Plz reply soon mam
Reply
will it go down tomorrow? Plz reply mam with target price.
Reply
Hello Kinnari,
Sorry I can't recognise the pattern as I've no deep knowledge. But I would like to ask you one general query. Request you please suggest as I'm new beginner.

👉If a stock is running above 200EMA on Daily chart & same is running below 200EMA on 30Min chart. 

So what trade should I take buy or sell? I'm quite confused 🤦🤦🤦 

Should I consider only 30min chart or I've too look for Daily chart also?
My trade should be as per Daily chart or 30Min chart?

Request you please reply apart from your busy schedule 🙏🙏🙏

Regards,
Gangaram
Surat, Gujarat
Reply
SBI is on "Sector Perform" mode.. Millionaires never look at short term trends.

SBI Price will hit 323 INR before Dec 31st,2020.

It is one of the most undervalued stock on the Banking front. The next one which will rally after SBI is Canara Bank
Reply
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