Anybody can recognize the Pattern on SBIN? Short

NSE:SBIN240

STATE BK OF INDIANSE

Description

⋅ Nov 11, 2020 8:57 AM

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

⋅ Nov 18, 2020 7:09 AM

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

⋅ Nov 18, 2020 10:11 AM

Comments

enthusiasticgagan

⋅ Nov 11, 2020 10:10 AM

Hello Mam, great analysis as always....I booked profit in morning @238.
Should we wait for 240-243 levels to short it?

Trade-Technique

⋅ Nov 11, 2020 11:21 AM

@enthusiasticgagan, Yes but, we need confirmation for reversal such as Terminal Bar, Big Tail with Higher Volume.

enthusiasticgagan

⋅ Nov 13, 2020 7:00 AM

@Kinnari_Prajapati, I think missed the train.

Kirandeepc

⋅ Nov 11, 2020 12:59 PM

45 Abhi 5 min one more

MichealSco

⋅ Nov 18, 2020 5:52 PM

BEARISH BAT PATTERN I GUESS MAAM

Hariomtyagiaa

⋅ Nov 18, 2020 5:24 PM

great Analysis.👍

impossibleAppl89169

⋅ Nov 12, 2020 10:52 AM

Hello mam. Excellent predictions. Will it go down or up tomorrow? Plz reply soon mam

impossibleAppl89169

⋅ Nov 12, 2020 10:47 AM

will it go down tomorrow? Plz reply mam with target price.

Gangaram0719

⋅ Nov 12, 2020 4:06 AM

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

anarchylife

⋅ Nov 12, 2020 2:38 AM

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