Bearish Shark In SBINBearish Shark In SBI
Sell PRZ - 606 - 609
SL - 621.5 ( Day Closing Basis )
Target - 580/566/554
SBIN-TIPS
SBIN TO ALL TIME HIGHS AGAIN?NSE:SBIN SBIN is showing bullish reversal sign and can achieve 560 level zone easily in coming weeks with buy on deeps strategy (only in new high new low formation) .
current resistance for sbin is at 533/532 zone, above that 540 /538 is the next resistance zone,
best entry will be when sbin hits 540/538 res zone and retests previous resitance of 433/532 and makes it a new support, sl should be be 510 as current support zone is at 521/517 from which sbin can carry on the upside trend move.
SBIN touches the uptrend lineAccording to Day chart view the candle touches the Uptrend line again it come back to support line.
If the next candle closes above 403 then it will go up to 420 otherwise it come to support line.
RSI also showing that it is now just enter over bought zone.
Sbin Short I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBIN TRADE SET UP FOR TARGET 213 (STATE BANK OF INDIA)HELLO FRIENDS,
HERE IS TRADE SET UP FOR SBIN AS PER WAVE THEORY SBIN IS IN 5TH WAVE AND TARGET ZONE WOULD BE 213 TO 222 IN NEXT WEEK WITH STOPLOSS OF 185 CLOSING BASIS FOR ONE DAY, WE CAN BUY SBIN NEAR CHANNEL SUPPORT UP TO 192 TO 196 LEVEL.
HAPPY TRADING FRIENDS.
Part 2: SBIN, EWT R 194.9 and target 187/181.In the last research of SBIN, I have given a buy signal at 170 for targets 189.5.
I hope you have remembered it..., aren't you?
Let me show here recent updated:
Part 1: SBIN, EWT support 171.5/176.5 key levels.
Now, Below 194.5, this stock can keep falling 186.4 and up to 181.2/179.
Definitely, We will think for long if the price move above 195(closed)....
If you are happy with my hard work , please say in the comment section .
Part 1: SBIN, EWT support 171.5/176.5 key levels.
Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.
Point to be noted: Volume must be higher than average at the both key levels to take long position.
if sentiment remains strong, we could even see 182/189.5.
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