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Sbin

SBI form Inverse H&S.SBI form Inverse H&S pattern. Today gives break out of neckline 780. SBI is at demand zone add more if come down to 780. Close below 760 would be the violation of this pattern. As per chart it may test 785-807 soon. As per OI data on dated 17.04.2025 there is considerable OI shading on CE side and OI build up on PE side. Stock is in good momentum as upper Bolinger Band tested and expanded. As per indicator all are bullish only Moving average need to improve. There are good chance for retest the neckline.
NSE:SBINLong
by tradetechnicalanalyst
SBI - Bullish Head and Shoulder patternState Bank of India (SBI) has completed the formation of a bullish inverse head and shoulders pattern on the daily chart — a strong technical indicator of trend reversal from bearish to bullish. Neckline Breakout: The pattern has confirmed a clean breakout above the neckline at ₹785, accompanied by rising volume, validating the breakout and signaling that buyers have taken control from sellers. Support Structure: Both the left and right shoulders of the pattern have been formed around the strong support zone of ₹725, further strengthening the reliability of this setup. Candle Confirmation: The head of the pattern was formed with a Morning Star candlestick pattern, a classic bullish reversal signal, reinforcing the likelihood of an upward move. Volume Analysis: During the formation of the head and shoulders pattern, volume was gradually declining, indicating healthy consolidation. The volume spike at the breakout point adds conviction, showing renewed interest and participation by buyers. Momentum & Moving Averages: RSI (Relative Strength Index): RSI is trading above 60, indicating strong bullish momentum without yet entering overbought territory. EMA Crossover: A bullish crossover has occurred, with the 20-day EMA crossing above the 50-day EMA, a classic trend continuation signal. The positive slope of both EMAs supports a sustained uptrend. Price Target & Risk Management: Target (as per measurement rule): The price target is calculated by measuring the distance from the bottom of the head to the neckline and projecting that from the breakout point. Estimated Upside Target: ₹880 Stop-Loss (SL) Options: Fixed SL: Below the right shoulder, around ₹730. Trailing SL: Use the 50-day EMA to dynamically protect gains as the price moves higher. Conclusion: SBI is exhibiting a strong bullish setup, with confirmation from price action, volume, and momentum indicators. The inverse head and shoulders pattern breakout, supported by key technical signals like EMA crossover and RSI strength, indicates potential for a trend continuation to the upside. Long positions can be considered with a clear risk-reward structure.
NSE:SBINLong
by Arvind_Share_Academy
SBI - At Support, not sureIn chart SBI is at previous support levels. But in my view price looks weak due to market weakness. I suspect price to drop little more to find a stronger support level 40 to 80 rs lower. reason market is not raising, and sbi too getting rejections and didnt move up after hitting support levels. so either it could move in sideways or slide lower a bit. SBI is the No 1 strong fundamentals in banking but big players always give negative view for sbi for them to buy more.
NSE:SBIN
by venkatfx
SBI : Coming close to good value BUYSBI Q3 results are due later today, but expectation is of overall flattish to positive results. - Technically, SBI has strong support in Monthly charts from 600 - 650 zone, followed by another zone of 540 -580 (from which breakout happened earlier).. - Similarly, the zone of840 - 870 will act as a strong resistance in short term for the stock too. - With P/E ratio of ~ 8.8 (< 5 year average of 11.1) & P/B ratio close to 5 year average. It offers comfort of NOT a big downside risk in SBI stock prices. #SBI #Stoxsense
NSE:SBINLong
by stoxsense
SBIN SHOWING A GOOD DOWN MOVE WITH 1:20 RISK REWARD SBIN SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
NSE:SBINShort
by tradergyan01
The CRR Cut Impact Unfolds: Banking Sector Ready for Liftoff◉ Abstract The Reserve Bank of India's recent decision to lower the Cash Reserve Ratio (CRR) by 50 basis points to 4% is set to have a big impact on the banking sector. This change will free up about ₹1.16 lakh crore, giving banks more money to lend, especially in areas like real estate and infrastructure. As banks can now earn more from loans, their profits are likely to improve. The stock market has responded positively, with financial stocks rising. Additionally, this CRR cut might lead to lower interest rates in the future, helping the economy grow even more. Key banking indices are showing strong upward trends, reflecting growing investor confidence. Continue reading the full article: The recent 50 basis points cut in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI) to 4% will have several key impacts on the banking sector: 1. Increased Liquidity: Approximately ₹1.16 lakh crore will be released into the banking system, enhancing banks' capacity to lend. 2. Higher Lending Potential: Banks can extend more loans, supporting economic growth, particularly in sectors like real estate and infrastructure. 3. Improved Profitability: Lower CRR can enhance banks' net interest margins as they can invest more in higher-yielding assets. 4. Positive Market Reaction: Financial stocks have shown gains, reflecting investor confidence in increased lending activities. 5. Future Rate Cuts: This move may lead to potential interest rate cuts in the near future, further stimulating economic activity. ◉ Technical Analysis 1. Nifty Bank NSE:BANKNIFTY ● The Nifty Bank index is experiencing a strong upward trend, marked by a series of higher highs and lows. ● After reaching a record peak near the 54,470 level, the index pulled back to the trendline support. ● However, following a recent bounce, it is approaching its prior high and is expected to keep rising. 2. Nifty PSU Bank NSE:CNXPSUBANK ● This index reached an all-time high around the 8,050 level before retreating to the trendline support. ● Following a bounce back, it has successfully broken through its trendline resistance and is now set for further upward movement. ◉ Stocks to Watch 1. HDFC Bank NSE:HDFCBANK ● The price has broken through its consolidation range and reached a new all-time high, with expectations of further gains. 2. State Bank of India NSE:SBIN ● The stock price has displayed a strong upward trend. ● After reaching a record high of 912, the price has entered a consolidation phase and is now trying to make a breakthrough. ◉ Overall Outlook The CRR cut is expected to be a catalyst for market momentum. As banks capitalize on increased liquidity, the banking sector will experience growth, economic expansion will accelerate, and market sentiments will become increasingly positive.
NSE:BANKNIFTYLong
by GoodluckCapital
State Bank of India - Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 865.45 Targets: (T1) Rs. 912 --> (T2) Rs. 1,023 SL : Rs. 765 Technical View: • NSE:SBIN is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 912 on 3-Jun-2024, it has retraced 16% to 761.55 level. • NSE:SBIN has breakout from it's secondary downtrend with high volume on 5-Dec-2024. • NSE:SBIN is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA is also trading above 50 DEMA. • RSI is in buy zone and trading at 62.74. MACD is bullish and trading at 10.63. • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:SBINLong
by vicky252
State Bank of India for 40% gainsDate: 4 Nov’24 Symbol: SBIN Timeframe: Weekly SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends). Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%). Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SBINLong
by DhandhaPaani
1
PSUBANK: Elliott Wave Analysis and Technical BreakoutTechnical Analysis: PSUBANK Index Elliott Wave Analysis The chart reveals a potential Elliott Wave structure within the PSUBANK Index. We're currently observing a bullish development within wave 5. This bullish impulse is supported by a clear upward trendline breakout. Key Points: Resistance Trendline Breakout: The index has decisively broken above the resistance trendline, suggesting a potential reversal of the previous downtrend. Bullish Divergence: The presence of a bullish divergence between price and momentum indicators, often signals a potential trend reversal. This divergence adds credence to the bullish outlook. Wave Structure: The current structure aligns with an impulsive wave pattern, where wave 5 is typically the dynamic move after corrective 4th Elliott Wave sequence. Potential Scenario Based on this analysis, we can anticipate a continuation of the bullish trend, potentially leading to the development of wave 5. This could drive the index higher, with the upside potential potentially reaching the 8000-8200 zone. Trading Implications: Bullish Bias: Maintain a bullish bias for the PSUBANK Index, given the strong technical signals and potential for further upside. Entry Points: Consider entering long positions on pullbacks (if any). Stop-Loss: Place a stop-loss below the 6185 level, which would invalidate the bullish scenario. Risk Management: Implement proper risk management techniques, such as using stop-loss orders and position sizing, to protect your capital. This analysis is based on Elliott Wave Theory and technical analysis, which involves multiple possibilities and interpretations. The information provided is for educational purposes only and should not be considered as financial advice. It's crucial to conduct your own research and consult with a financial advisor before making any investment decisions. There is always a risk of being wrong, and users are advised not to trade or invest solely based on this analysis. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:CNXPSUBANKLong
by RK_Chaarts
Technical Analysis - Elliott Waves of SBINThis analysis is based on Elliott Wave theory and is for educational purposes only. It does not constitute financial advice. Key Observations: Ascending Diagonal Triangle: The price action appears to be forming an ascending diagonal triangle pattern, suggesting a potential bullish breakout. Wave Structure: The current price movement could be interpreted as an impulse wave, with a strong possibility of a fifth wave extension. Invalidation Level: The 732.00 level acts as a critical invalidation point. A break below this level would negate the bullish outlook. Potential Target: A breakout above the triangle's upper boundary could lead to a significant price increase, with a potential projection around the 920.00 level and more Overall Outlook: The technical analysis based on Elliott Waves suggests a bullish bias for SBIN. However, it's essential to monitor the price action closely and be prepared to adjust the analysis if the market's behaviour deviates from the expected pattern. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBINLong
by RK_Chaarts
2
Biocon ready to fly; 25% Return; short term investmentHuge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "355" . . If you are interested in investment now, go for it with proper risk, . . Overall " biocon" fundamentally good stock. . . Enter after market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer over old posted idea attached below.
NSE:BIOCONLong
by TheNuraTrading
6
SBIN -Inverted Cup and Handle -Daily - BearishSBIN—Inverted Cup and Handle—Daily—Bearish Stock closed below good support level 795 with good volume. Good to buy puts if it retests the neckline—support level 795. As on Sep 8th, It looks like nifty will be gaping down due to US market has fallen on Sep 6th and GiftNifty indicates gap down also in Nifty50 so we may see the price can go down. SL - 795. Target - 691 755 which is 200 EMA can act as support OI information: CE OI - 820 which can act as resistance PE OI - 780 will act as support; we need to check on 9th Sep if we have a gap down , the price can test the 691 level. Always welcome for any comments with your feedback, or give it a like if you find it useful.
NSE:SBINShort
by VCharts_TA