Buy SBI Card Between 750-760
SL 710 (50Rs)
Target 1: 835
Target 2: 875
Target 3: 915
Target 4: 995
Target 5: 1160
Duration 6moths to 1 Year
Closed above 50 SMA with volume, possible reversal .
Trade as per you risk rewards.
Stock 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
Huge potential is there.
For short term investment ;
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Wait for small retracement & daily candle to close above - "585"
Trade carefully @ 595 level
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Entry: 586
target: 593- 511- 527 - 689
sl: 575 - 569
major stoploss/ support: 555
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If you are interested in invest now, go for it with proper risk,
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Overall " SBIN "...
Stock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95
THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which...
Banks fell badly (especially SBIN & SBI Card) after the new RBI card rules, which was a drastic reaction.
SBIN seems to have formed strong support at 550. I expect SBI to hit at least 600 before falling.
SBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
📊 Details
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If...
SBIN - short trade for target 590-587.7
reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level
u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1
disclaimer - trade @ own risk
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Sbi can climb up from here if holds 586.. cn buy in range oof 586-589 with 582 as stop loss for 600 620 targets.. Only taking trade for high risk reward
SBI has formed Double Bottom Pattern and started to gave a breakout from 568 as that was resistance line. Based on the pattern target can be set as 625-630.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
SBIN :- If we get a breakout and sustain it, we may see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful...
