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...
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...
* For Learning Puropose Only | Trade On Your Own Risk , am not responsible for your profti or Loss *
Today Got levels in SBIN , as MArket was Buliish from morning after gapdown
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...
We are looking at the Monthly chart here; we clearly see Wave 1, 2, 3, 4 complete and now Wave 5 is forming;
Wave 1 and 5 are almost similar waves in terms of both magnitude and direction also Wave 5 each and every time definitely breaks the low made by the end of Wave 3 therefore we are super sure that it will cross the previous low of Rs. 149.45.
Let's...
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...
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.
Dont forget to Follow me and Like my work.
![SBIN: Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]](https://s3.tradingview.com/a/A1OEcvaU_mid.png "Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]")
