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.
State 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...
VIX finally falls as BFSI stocks lift the indices even though Reliance failed to deliver. Do you feel this will sustain?
#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.
The markets saw a rather wonky expiry today. What are your thoughts? Do you feel the bullish bias continues ahead of RBI rate announcement?
Are we likely to see an expiry above 17,400? What's your view?
While Nifty recovered well from 17,200 the weakness at higher levels seems apparent. What's your view?
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...
State bank of India becoming strong on weekly charts with breaking downtrend resistance line and gives breakout on relative strength indicator and seems good buying absorptions too which is indicating coming good volumes and higher prices CAUSE OF LONG-: 1- Falling resistance trendline breakout 2- Relative strength indicator breakout 3- Good buying...
Clear and Classical Double Bottom Pattern Seen in SBI, Looking to Go Long on SBIN Future (@ CMP 487) For the Targets 520 And Stoploss below Swing low 475
The stock is near support area and holding it's previous swing low. As long as 440 is holding we can get a bounce will 440 on weekly basis. On the flip side closing below 440 will accelerate some selling and potential down side level will be 400.
NSE:SBIN Observations: 1) On 1Week time frame, we can see it has formed kind of Head and shoulder pattern. Please refer below chart : 1week time frame. Immediate support is at 440 level. Breakdown of 440 will invite more selling. 2) On 1hr time frame, it made rounding top pattern. Please refer below chart : 1hr time frame. ...
NSE:SBIN given a good bounce from harmonic level in intraday for swing trade we need more conformation. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must...
sbi life insurence buy 1130 abouv target 1162, 1200,++++ hold for long
Date : 2-Apr-2022 Rating : Buy LTP : Rs. 508.20 Target: Rs. 550 and More (will update target based on future price actions) SL : 470 SBI has given a break out from its secondary down trend within its primary up trend. It has also broke its near term resistance level of 500 which it was trying since last 11 sessions. EMA cross over was done on 1-Apr. MACD...
Beautifully following upward trending parallel channel. two possibilities occur here. 1. Might be keep trending like this and go till 585-600 levels 2. Come down till 490-500 levels then proceed towards 600 levels.
NSE:SBIN Again selecting this stock. All the trade setup and levels will remain same. Trade Setup for 04-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support,...
NSE:SBIN Has reached the breakout zone and now consolidating near breakout. It Can Fly from here if the Resistance is broken with good volume. You can add this for Swing Trade after Breakout, this is also Good for Investment Pick But i Advice you to add for Investment purpose on Dips currently it is on 52 High. If it wll face Pressure here and started downside...