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SBI

State Bank of India - Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 865.45 Targets: (T1) Rs. 912 --> (T2) Rs. 1,023 SL : Rs. 765 Technical View: • NSE:SBIN is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 912 on 3-Jun-2024, it has retraced 16% to 761.55 level. • NSE:SBIN has breakout from it's secondary downtrend with high volume on 5-Dec-2024. • NSE:SBIN is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA is also trading above 50 DEMA. • RSI is in buy zone and trading at 62.74. MACD is bullish and trading at 10.63. • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:SBINLong
by vicky252
SBI Bank Channel Breakout and Bullish Flag PatternDetails: Asset: State Bank of India (SBI) Pattern: Channel breakout and Bullish Flag Breakout Level: Above 800 Potential Targets: Projection based on channel width or flagpole height, or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: State Bank of India (SBI) is exhibiting a channel breakout above the 800 level, indicating a potential shift in sentiment. Additionally, the price action resembles a bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a period of consolidation in the shape of a flag. The breakout above 800 suggests the possibility of a significant upmove, considering the bullish pattern formation. Possibilities: Bullish Momentum: The channel breakout and bullish flag pattern suggest the presence of bullish momentum in SBI. Projection Targets: Potential upside targets can be estimated by measuring the width of the channel or the height of the flagpole and extrapolating it from the breakout point. Confirmation: Confirmation of the breakout and pattern validity with sustained trading volume would provide further conviction for the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. As always, it's important to conduct thorough analysis and consider risk management strategies before initiating any trades or investments.
NSE:SBINLong
by CyborgTradingHub
GOLD IN CORRECTIONHi everyone... Right now market touches our 1st Weekly PULL BACK zone which is 2357-2477 zone We got Day High(using MY HIGH find method)-correction sell 80% confirms In 4hrs the market got bounce on small buy zone which is 2335-2320 Also we got 15min low(using MY LOW find method)-trend continues but doesn't get CHOCH(doesn't cross 2319) confirmation in 15Mins and 4Hrs Careful with sell And mainly in Monthly time frame previously we got H&S so Head and Shoulder full target is 2527 Monthly 1st back zone we Got here which is 2462-2689 Here is the Result 1st Analysis Buy@2344.3-2336 SL@2330(or use buy limit SL) TP 2346 TP 2352 TP 2364 TP 2388 TP 2430 TP 2520 Buy limit@2329-2323 SL@2319 TP 2331 TP 2345 TP 2352 TP 2364 TP 2388 TP 2430 TP 2520 2nd Analysis Sell limit@2388-2395(we need a confirmation before enter this) SL@2397 TP 2386 TP 2380 TP 2300 TP 2278 TP 2167 TP 2050 TP 1973 Sell limit@2426-2428(EXTREME SELL zone BUT BE CARE FULL WE DOSENT GET 15M & 4h CHOCH) SL@2432 TP 2424 TP 2400 TP 2380 TP 2300 TP 2278 TP 2167 TP 2050 TP 1973 USE RISK MANAGEMENT SAFE TRADER ONLY TAKE 3 TO 5 TRGT BASED ON YOUR EQUITY BUT 1ST TP MUST AFETR HIT 1ST TP MUST SET BE(Break Event) ==Use stop order -.5 pips from SL(if you ok) stop order needs high equity== NOTES:EDUCATIONAL PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
GOLD IN BUYGOLD/USD March FINAL WEEK PLAN... In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160... Which is buy correction zone(BUY FLIP ZONE)... EXTREM BUY ZONE IS still there 2152-2146 I am looking for buy because of below mentioned points: 1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area 2.In 30M Awesome Oscillator indicates upside distribution even market comes down... 3.In 15M-50% Buy confirmation we got... 4.In DAY TF i am expecting 2258-2300 is 1st Pull back zone(only my opinion not confirms yet) Here we got 3 entry zones with 3 different entry method... 1.Intraday Setup-- use 1% RISK of your capital in every entry we have 3 intraday setup (_a_).15M Gives only 50% confirmation for BUY REWARD---1:20 Ratio BUY limit @2160 SL 2156 TP 2185 TP 2206 TP 2211 (_b_).5M mid range entry(if confirms get we will updates here then entry this)BUY REWARD--1:22 Ratio BUY limit @2153 SL 2149.4 TP 2185 TP 2206 TP 2211 (_c_).30M Extreme entry zone previous BUY LIQUIDITY zone... Also PULL BACK AREA...In 2146 is trend line passing point... you can place order without confirmation... REWARD--1:24 Ratio BUY limit @2149 SL 2144 TP 2185 TP 2206 TP 2211 2.Mid Risk Setup-- use 4to5% RISK of your capital.... REWARD--1:8-1:10 Ratio USE 2 Layers 5 Orders Strategy BUY LIMIT @2153-2149 SL 2144 TP 2185 TP 2206 TP 2221 Once Market HIT 2149...SET 2153 as a Target BE(close @entry) 3.Swing setup-- Need higher capital.... REWARD--1:7-1:8-1:10 Ratio USE 3 Layers 5 Orders Strategy BUY LIMIT @2160-2153-2149 SL 2144 TP 2185 TP 2206 TP 2221 TP 2270 Once Market HIT 2149...SET 2160 as a Target BE(close @entry) IF MARKET TREND CHANGE... OVER ALL SELL STOP 2143..use x2 lot size which total lot size you use in above buy limit orders ( Targets & SL will updates later) or Don't use sell stop wait for next recovery update... All The Best... NOTES:EDUCATION PURPOSE ONLY
OANDA:XAUUSDLong
by SATHAYAM_ACADEMY
3
SBIN TO ALL TIME HIGHS AGAIN?NSE:SBIN SBIN is showing bullish reversal sign and can achieve 560 level zone easily in coming weeks with buy on deeps strategy (only in new high new low formation) . current resistance for sbin is at 533/532 zone, above that 540 /538 is the next resistance zone, best entry will be when sbin hits 540/538 res zone and retests previous resitance of 433/532 and makes it a new support, sl should be be 510 as current support zone is at 521/517 from which sbin can carry on the upside trend move.
NSE:SBINLong
by ajinkyadiwakar717
SBI towards crucial support zones SBI the largest public sector bank is forming a head & shoulder pattern on weekly charts along with a breach of neckline support from where early breakout occurred. given that ads negative trend strength is rising , If the momentum support at psi 40 breaches along with a confluence support breach of bottom trendline from 2020, then it could be retesting the previous swing low at 500 & if could not find help there could be heading to swing low near fib retracement 38 neat 450.
NSE:SBINShort
by seekedgetrade