State-Bank- H&S FailureStock has given a failure breakout of H&S pattern. This suggests that stock is likely to move higher towards 675 in the coming days. Buy on CMP, add on dips , keeping SL of 575, look for the tgt of 645/675
Sbilong
SBI Life Insurance Company Ltd. BuySBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI Life extensively leverages the State Bank Group relationship as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans and personal loans
CMP: 1263.60
Target: 1300 and 1300+
Simply Inverted head and shoulder neckline breakout and retraced from neckline (1206). Now it goes for target 1300.
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SBIN | Use the Pull Back to Go Long!When it comes to SBIN, the stock is still in good uptrend. Last day market closed near 460 & likely to reach 464 soon. Though it is not a good idea to take the position right now since price is too far from previous support area and it is also expensive now. I think you might get a good pull back to get in. You could use the support area to get in when price falls. When market opens next day, if the price gaps down & break S1, make sure to go long from S2; which is a demand area. Once you are in, make sure to place the stop below the nearly support area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
SBI BANK GREAT CHART PATTERNHi take a look its a good pattern with the "double top pattern" ," support and resistance "
: And you can see CUP WITH HANDLE
: have a great trade .
SBIN longSBIN: daily chart: filled gap pull back second time with apna wala candle formation can watch long above todays high with todays low as sl on closing basis. for t1 433/440/466
SBIN long on hold of support on 30m chartSBIN long entry above 620
target 1: 428
target 2: 432
sl: 416
Sbin is on channel line support, we expect this to hold, as we have seen pin bar at our support.
We can take entry now at 623, or wait for a small pullback till 620.
Maintain strict sl, any break of this channel line will be a sharp fall in sbin.
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 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.
SBI - Long Term PlanBased monthly chart SBIN following trendline.
When price reaches to the trendline It bounce back extremely well.
See the Full Graph.
Based on averaging,
In 365 days - Return will be 139 %
and for 100 % return you need to wait for 216 days!!
Just My view based on the trendline analysis and previous data.
Its good time to buy.... FOR LONG TERM...... atleast 1 year or 2 year.
SBI Skewed Triangle 4th Elliot WaveStock currently in upward trend and may break upside.
Wave 4 has formed skewed triangle and about complete final Internal Wave E.
Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough.
Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive)
Notable resistance 212 non risky can wait for break and close above this.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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STATE BANK OF INDIA BREAKOUTSTATE BANK OF INDIA (SBIN) has breakout of range consolidation, Stock today on August 2020 breakout of Rising Wedge patter as marked on the chart. We can see levels upto 248- 250 in the next 2-4 months. One can Go long with the stoploss below 188 on Weekly closing basis.
SBIN - double bottomSBI Bank double bottom formed , chances are high to see upside movements in comings day.
SBI Breaks - Negative Trend - Step into Green Fundamental View
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).
Technical View
Technical chart also looks green for SBI.
Price level Crosses 50MA.
Breaks the downtrend channel.
Bullish engulfing candle on Monthly chart(Candle not closed yet).
Very high Volume.
My trading system gives long on SBI.
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.
Disclaimer
This idea is only for educational purpose. Do analysis before investing or trading.
Thank You
ArunPrakash
Trader
SBIN | Monthly Close Holds the KeyRecent bullishness and last week close above 350 levels in SBIN warrants more attention.
325 to 350 region has been a zone of uncertainty with many failed breakouts.
It should be noted that ATR during last week was around 18. The stock moved into a historical supply zone with 2ATR move of 35 pts. This calls for caution.
The current sharp move upwards was supported by overall market exuberance rather than stock specific trigger. Weekly close should be taken with a grain of salt since the event was towards the end of the week.
A comfortable close above 360 levels on Monthly time frame is required before adding to your high conviction Buy List.
Sbi break Trend and Test supportSBIN break the previous trend and tested Fibonacci Support area keep watch Don't enter the support zone
SBI chart Study...Guys SBIN Test Supply Zone keep watch and take profit...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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