SBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
Sbi can climb up from here if holds 586.. cn buy in range oof 586-589 with 582 as stop loss for 600 620 targets.. Only taking trade for high risk reward
Hi Everyone
This is our final chart of SBI which consist 10 percentage weightage of Bank NIfty. Already posted HDFC bank and ICICI bank (both consist 60 percentage weightage)
With this you will have proper understanding of current and future directions of banknifty. I will update further when the times come, till than happy...
Targets are mentioned in the chart. But for long term investing. Company financials looks good. Profit down during Covid period, now gets increasing. Coffee can stock.
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...
Bank Nifty reversed today from strong resistance at (42725-750 ) approx.
Check resistance marked in red sign post
Bulls may flex tomorrow as well a good Retest Entries can be made ( Marked with path tool in green )
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...
Sbi Study : Cmp 531
Last 3 Weeks Lowest Closing.
All The Technical Parameters Super Negative On D + W Charts.
Immediate Super Strong Resistance At 565 ( Day Closing Basis )
No Major Up-move Expected Until Give Weekly Close Above 605
Sell On Rise With SL Of 565 ( Day Closing Basis )
--------------------------------------DISCLIMER--------------------------------------------------
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex,...
This analysis Is on a 15 M Timeframe you can activate both short and long
after opening, the market's strong move first take the " 1:2 " target and
then bring your stop-loss to cost and continue your trade...
STATE BANK OF INDIA as per Day Chart Analysis have chances to move uptrend Stock ABOVE 620 TARGET 623.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All...
SBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA.
At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of ...
