Charging it up with SBI Cards - Observation only- NOT FINANCIAL ADVICE -
Simple funda - Best exposure to pure credit card growth in India, through a subsidiary of India's largest bank. A quasi state owned credit card company.
Breakout above previous support (and now resistance) in price along with a close above 325 day SMA will make it a buy - all levels given on charts
Sbibank
SBI Analysis!! Will SBI move as per Double Bottom(W)Pattern??SBI Daily Analysis
Double Bottom Pattern Formation in SBI
SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of projected profit. Will se what happens?
Entry = Above 568
Target = 1) 605.85 2) 649.85
Stop Loss = Below 554.90
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
SBI BANK: Running Triangle formationStock has already concluded it's running triangle structure at Oct'23 low of 543 and currently rising in an impulsive manner after the breakout. The measured target for this structure is coming in the region of 790-800 zone.
Hence, stock is likely to hold above INR 600 on any weakness and extend it's gains towards INR 790-800 in the coming weeks.
A sustained closed below 600 will negate this structure and force us to evaluate other possibilities.
State Bank of India ( Neowave Forecast)Hi Everyone
This is our final chart of SBI which consist 10 percentage weightage of Bank NIfty. Already posted HDFC bank and ICICI bank (both consist 60 percentage weightage)
With this you will have proper understanding of current and future directions of banknifty. I will update further when the times come, till than happy hunting.
Thank You.
SBI Weekly levels May 08-12 2023These weekly levels are created using Dynamic Volatility calculation, and Polynomial regression methods to arrive at the proper range for the next week and associated targets.
Buy Above 579.70
Buy Targets 585.04 590.35 594.65 598.95 605.06 608.77 621.44 635.35
Sell Below 573.20
Sell Targets 567.86 562.55 558.25 553.95 547.84 544.13 531.46 517.55
See the similar levels created for last week (May 01-May 05) for Reference
Buy Above 579.77
Buy Targets 585.82 591.83 596.68 601.54 608.46 612.66 626.98 642.71
Sell Below 572.43
Sell Targets 566.38 560.37 555.52 550.66 543.74 539.54 525.22 509.49
SBI ANALYSIS | SBI OUTLOOK | SBI VIEW | SBI PREDICTIONDownside gap is pending so definitely market has to full fill these gaps sooner or later.
Conditions applied:
If market goes below the intersection point of Trendline & Channel line which is @ 462.70 then we can go for short till gap was filled @ 449.2
Simple Trade Setup | SBI BANK [SBIN] | 16-06-2022 [INTRADAY]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.
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Trade Setup for 16-05-2022
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, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]NSE:SBIN
Observations:
1) On 1 day time frame, we can see rounding bottom pattern. And stock is near the resistance zone. Either from here on breakout of this range it can give good up move or if it failed then we can see down fall.
Please refer below chart : 1day Time Frame.
2) Also on 15min time frame, we can see this support channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 03-02-2022
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, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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