SBIIN BANK long and short opportunityThis 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...
SBI
STATE BANK OF INDIA - DAY CHART - 29.12.2022 - BAHAVAN CAPITALSTATE BANK OF INDIA as per Day Chart Analysis
Stock ABOVE 620 TARGET 624
Happy Profitable Trading to All...
Advance Happy New Year Wishes to All...
STATE BANK OF INDIA - DAY CHART - 12.12.2022 - BAHAVAN CAPITALSTATE 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 Cards LongSBICARDS crossed 50SMA & 20SMA with a wedge pattern breakout on Hourly timeframe
Enter long trade above 804
SL- 795
T- 816
SBIN: Impulsive Wave 5 has Already BegunSBI 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 1.618%.
Wave 4 was a choppy move as a triangle. As the price has crossed the 1.00 Fibonacci retracement, safe traders should wave for a pullback.
If the price sustains above 442 , traders can trade above the following targets: 555 - 566 - 575+ .
Invalidation: The 540 level was strong resistance, but now it is a crucial level. Failure of stability will deactivate this setup. Please note that we can't trade without proper risk management. The absence of risk management can wipe out your whole account.
I will update further information soon.
:)
SBINVery good sets of results.
The counter has been in uptrend from quite some time... almost from 525-528 levels.
Expecting profit booking at higher levels..
Have marked some trading levels....
585 being the make or break level.
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State Bank of India BullishEarnings NEWS: State Bank of India reports the highest ever quarterly Net Profit of Rs 13,265 Cr (a growth of 74% YoY). Loans: 20% YoY growth, 4.6% QoQ growth!
Analysis: With Earnings backing the stock (beat on all estimates), I expect the stock to continue the momentum as the strongest PSU bank. Keep a stop loss at 570 and go long for the longer term.
nifty weekly range for next weekSupply and demand zone of nifty for next week.,., option sellers range and Options buyers entry and exit ranges
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SBI LONG might be a retracementAll the details in the chart
Preferably cash segment.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SBIN Big Breakout SBIN Future Trading at All time Highs, After A huge consolidation finally Range breakout in the stock is seen. Stock has entered un charted Territory, And head towards 600-650 in the next 3-6 Months. We are bullish on the Stock on Short Term basis. And We are initiating Buy position in SBIN Future @ 555 With Stoploss of 530 For the Targets of 580-600 for Swing Trading i.e. September Series.
SBI giving breakoutSBI making pole and flag pattern
can buy above 535 for target of 600+
sl can be below 517 u can trail sl
do ur proper research
SBI looking bullishSBI making bullish engulfing
trading above 50EMA
can buy above 520 for trading purpose
target can be 542 with sl 504
do your own research
SBIN BUY SETUPSTOCK NAME = SBIN NSE:SBIN
TRADE TYPE = POSITIONAL TRADE
SBIN BUY IN THIS RANGE = 528
STOPLOSS = 521
TARGET = 550 , 560
Disclaimer : Trade views are based on our analysis and for educational purposes only.
We are not responsible for any kind of loss.
Kindly consult your financial advisor before trading.
SBI sideways till it crosses above 549 SBIN is above key resistance levels of 512-522. It may give a good breakout above 549 (ATH). Till then it can be accumulated with a SL of 509.
For educational purpose only. Not a recommendation to buy or sell.
SBI Signals BearishnessState bank of India On the Daily chart trading between Range of 430- 545 from last 2-3 months.
Currently Stock has hit the Higher side of the Range i.e. 545 and a Doji Candle formation followed by Bearish Engulfing candle Pattern formation is observed near Resistance levels. Also banking stocks looked to be over heated so there can be some correction in the banking stocks.
I am Short selling SBIN future Around current price of 530 for with stoploss 16 Points above 546.50 and Targets of 2X i.e. 500- 490 in the next 5-7 Trading sessions.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsVIX finally falls as BFSI stocks lift the indices even though Reliance failed to deliver. Do you feel this will sustain?
SBI : CRUCIAL RESISTANCE#SBI at its crucial resistance 530. Sbi tries to break this resistance for more than 2 years. Its seems weakning this time. With strong buy pressure.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsAre we likely to see an expiry above 17,400? What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWhile Nifty recovered well from 17,200 the weakness at higher levels seems apparent. What's your view?
Keep and eye on SBI!SBIN is testing it's resistance for the third time and there is a high probability that it can give a breakout this time.
BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through.
3 scenarios are possible;
Scenario 1
Breakout in the range of 543 and move upside to the range of 577-585, This can be the first Target.
Scenario 2
Breakout in the range of 543 and test this range as support before giving an up move.
Scenario 3
In case the stock fails to give a breakout, the immediate support would be 520. If it takes this support, further up move can be expected after a bit of consolidation.
Please perform your due diligence before taking any trade and set a stop loss according to your risk appetite.
Happy Trading :)
