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)
A 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.
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
Supported in the box - Wait for the BOX Breakout
Head and shoulders pattern. The neckline is broken. Going for a retest. Good opportunity to enter a trade. * Educational purpose only * NSE:SBIN
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
Short SBI below 385 on closing basis only...Stoploss 405 Target Gap Area around 360
Despite 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.
Short 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.
The 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
If markets open and try to take support then we can see an up move. Targets, Retest entry and Stoploss are mentioned in the chart.
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...
Long term trend line breakout, now till it holds the level it will remain in an uptrend Only for learning #dailynifty
SBI is consolidating near 390. If it breaks down 385 level then you can go short for minimum 2-2.5% target in intraday. Keep a watch and trade accordingly. Good luck!
SBI looks low valued stock around 250-270 range and RSI was around 60% with weekly breakout and huge volume support. Breakthrough at 250-270 range. It forms rectangular box pattern which breakout would be around 350-358... So as per price action looks strong.. Disclosure:- I am not having SBI position in my portfolio also this is only for study and educational...
sbi if close this month above 380 with now atleast 6x volume from now, it can fire to 515 on fibbonacci extension also this is monthly chart so the target would be of approximate for nearly 1y to 3y and stoploss can hit easily but this year psu divestment can give boost to it. for educational purpose only.