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SBI

SBI : That Potential Cypher...In SBI, we have perfect-potential cypher formation if all goes as expected we will be getting reversal around the 305's zone to downside. RSI also looks bit oversold but on cypher completion it may go well above current levels. Aggressive traders can enter Right on touch of 305's zone Conservative traders look for additional setups in the zone or an reversal before entering ! Moreover Trade only if you have traded harmonics earlier, if No, its not at all a problem, Look for other simple setups in the same zone in SBI. As we usually say, all strategy's are good as long as it's followed with discipline, there is no need of complex ones.
NSE:SBIN
by InsiderB
1
SBI : How we can play this...We already had failed setup on SBI, during RBI day though we caught the direction of breakout right, markets later moved up clearing our stops & eventually went far more than our targets. This happens all the time, but what we feel is SBI doing it for you alone, No it isn't so. Right now, we are having triangle formation, i) As 282's zone retest expected, we can expect upside breakout in triangle but being aggressive checking stops : your area. ii) Once we get Bearish Reversal around our 282's zone, We can have shorts again in SBI iii) The dotted line downside breakout for target of 266's is least possible in My expectations. But on the whole if we get a move up to 282's then reversal to 266's will be a filler for our coffers.
NSE:SBIN
by InsiderB
11
Dare to touch SBI on RBI Day ?!We do all kinda stuff..And why on earth we are choosing a riskier scrip SBI on RBI day ? Bcos, we know our Risk, We Define our risk, We know how much we stand to lose in that risk, so that helps our trading plan. Here there was bearish momentum on hourly SBI and its ranging for sometime, so eventually Bearish breakout expected, I will be taking this trade on Bearish breakout, check with your tradeplan, Determine what is your SL & Target ! Note : This is just how I Plan, Don't do this solely bcos I'm doing it :)
NSE:SBINShort
by InsiderB
4
State Bank of India (SBIN)This stock is currently mildly bullish, though it has remained range bound between 250 and 275 levels. The relative strength vis-a-vis BSE shows that stock has underperformed the index consistently over the past 5 years. The relative strength however confirms an upward trend of this stock and therefore dips may present good buying opportunties. With consolidation of several nationalised banks and additional revenues due to demonetisation banks remain good bets and SBI is a good pick.
BSE:SBINLong
by Nar