SBI life is one of the stock with good fundamentals and insurance sector has corrected from his high.
We do see breakout at this stock, in past stock many times tested this level and get bounce back from this level.
and again we do see stock is on the same level and intrest among the investors on this level.
So we should expect small move of 2- 3% on this...
Observe this chart as IndiaBulls housing looking bullish from the mentioned demand zone. Observe these levels as we are providing these charts are only for educational purposes.
As per our previous day analysis our levels worked perfectly. Observe these levels only for educational purposes. Don’t trade based on these levels, just to observe
SBI Daily Analysis
Double Bottom Pattern Formation in SBI
SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of...
STATE BANK OF INDIA (1D TF) - Swing Trade Analysis given on 3rd March, 2024
Pattern: RECTANGLE BOX
- Volume buildup at Resistance - Done ✓
- Wait for Retest at Demand Zone & Consolidation - In Progress
SBIN, was consolidating since 2022 and now it has given a strong breakout and also retested the breakout levels and bounced back which shows a strength in the momentum...
trend looking good and sustainable....
Views are just for the education purpose only....
BankNifty Analysis - Stance Bullish ⬆️
Yesterday we discussed the possibility of HDFC Bank making a move and quite fortunately that came true today. We rallied an impressive 769pts ~ 1.66% today to take out the first resistance (bearish trendline break). Would you believe the elephant jumped 2.63% today along with AXIS Bank 2.41%, Kotak Bank 1.8%. ICICI Bank &...
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 "...
SBIN forming Bullish Pennant pattern. This might be good for swing trading.
Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI
Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: SBIN
🔍 Description: Stock is in Rising channel.
and now Stock is around the resistance of the rising channel.
We can see downside of 18-20% if 730 levels are intact !!
Huge shorting opportunity !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
