BUY SBI BUY SBI 352.5
TARGET 360-365
SL 347.8
Its taking a good support at this price and should take a good momentum here on.
SBI
SBI BULLISH, wedge broken might give a retest at zoneSBI might take support at the marked purple zone as it is 0.5 fib level of the last uptrend in 15 Mins.
Also a mejor downward falling is also broken, so it can be a retest to that
STATE BANK OF INDIABEST GOV. BANK NOW ON REVERSAL SO ADD IN YOUR PORTFOLIO FOR SHORT TERM THE FIRST TARGET IS 376 , SECOND TARGET IS 388 THEN AFTER 403 AND 420.
NOTE :- SHORT TERM ( 2 DAYS TO 3 MONTHS).
IF YOU LIKE MY POST AND YOU GET PROFIT SO PLEASE LIKE THIS POST AND FOLLOW ME FOR MORE TARGET.
SBI- SHORT TERMSBI looks positive above the trend line. SBI can be added from these levels as there is a strong support being formed. The stock touched the low and a positive diversion was seen after which the stock is in strong positive momentum.
SBI LIFE INSURANCE----- BEARISH !!short SBI life insurance below 864.08
it going to retrace from supply zone ... as i have explained this theory before
SBI - Long - Target Rs.370Sbi has shown extreme weakness over the last few weeks, with recent gap downs on the daily chart. We can expect a rebound off of the current level which is its Feb 2020 High , (Double bottom on daily chart). It may drop further to the bottom upward trend line (Bold Blue) at ~315 before rebounding.
How to trade going forward:
One can buy in at the current level, with a stop loss at ~310. Book partial profits at the upper end of the channel, marked with a blue arrow, at ~340-45 levels. Hold until it breaks this channel with above average volumes and then retests this 345 level before buying more. Set trailing stop losses from there on.
Target:
#1 - 340
#2 - 370
SL: 310
SBI SHOWING RETRACEMENT AT 62%. BULLISHSBI is showing a retracement from the marked up level of Fibonacci retracement 62% (5/8).
You can make a target till 38% retracement 367 with 322 SL.
The stock will be positive if corona will not impact the market fear.
Gann numbers help to provide the Fibonacci chart (1,3,5,8,13,21....). Ratio of these number to each other forms 3/8 (37.5%), 4/8 (50%), 5/8 (62.5%).
education purpose.
Swing opportunity in State Bank Of India Monthly RSI- 60
Weekly RSI- 60
Daily RSI- 40
A strong breakout from a multi year channel. The price has come to the multi year resistance level which will most probably now act as a support forming a higher high, higher lows structure. As Bank Nifty recovers this stock will see new highs.
Target1- 420
Target2- 450
Time: 3-4 months(target can be achieved early too)
SBIN BreakoutA nice consolidation after a long upmove.
Looks like SBI is ready for a big breakout again.
A kind of Symmetrical pattern formed in SBI on 1D timeframe with one side of the triangle being the 50 DEMA.
Can be crucial.
*For educational purpose only.
Has SBI Made a low around 345?The stock gave a breakout from the previous resistance zone which now becomes strong support. SBI has formed a hammer candle in that zone, let's see if the low, for now, has been created and we see upper levels or it breaks this range.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SBI shortHead and shoulders pattern.
The neckline is broken.
Going for a retest.
Good opportunity to enter a trade.
* Educational purpose only *
NSE:SBIN
SBI going towards 385?I have shared the idea to buy SBI Bank near 358 and it made the low of 357.25, we saw a great bounce and our TradePro subscribers booked great profit in this trade. Now if it sustains above Friday's high we may see 385 odd levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SBI Run Away Gap UpDespite the stock was having food momentum, buyer support and volume, I have been staying away from SBI since 30 points run away gap up was formed after the budget event. The huge run away gap up of 30 points to be filled soon. the demand zone for short and long term still remains at 320-350 range.
SBI shortShort position-ally SBI from 415-420
with SL 428
For target T1 = 385
T2 = 360
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
SBI Bank | Wait for a Break of the RangeThe stock is trading in a range from the last few sessions, 400-385, and breaking this range on any side would give a good trade opportunity.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
State Bank of India - Head and ShouldersIf markets open and try to take support then we can see an up move.
Targets, Retest entry and Stoploss are mentioned in the chart.
SBI Important Levels SBIBANK consolidated between 390-400 before breaking out and reaching 52 week high of 427.7.
390 is a major support zone followed by 400 being a support and short-term resistance zone and after breaking 400, 405 serves as a resistance zone.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views and suggestions, I am still learning.
SBI : 400+Long term trend line breakout, now till it holds the level it will remain in an uptrend
Only for learning
#dailynifty
