Sbin
Nifty Spot Weekly Outlook 13th June to 17th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 13 – June 17 )
Last Weekly Nifty witness selling pressure below 16386 , while the pivot for the week @ 16605 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16057 levels,
whereas minor resistance on the upside is capped around 16598 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15890/15723 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16765/16932 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16729 suggests long term trend is Bearish .
Range for the week is seen from 15723 on downside and 16494 on upside.
Weekly Chart Suggest closing below 16000 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16932
RESISTANCE 3: 16765
RESISTANCE 2: 16598
RESISTANCE 1: 16494
WEEKLY PIVOT LEVELS: 16327
SUPPORT 1: 16160
SUPPORT 2: 16057
SUPPORT 3: 15890
SUPPORT 4: 15723
All above views for education purpose only.
Regards,
MD.
SBIN Ready for breakout on DT Frame.Friend's, This Can be a best stock for Intraday players on 13-06-2022.As we can see that SBIN is looking good 😈 on DT frame. It is ready for Breakout.SBIN can be a jackpot intrared. We should definitely added to this our watchlist. It is also taking support on Trendline Chances are More on Bullish side. We can also expect very good more on bearish side. Trendline is giving support on downside & upside. We will only buy this when price cross 465 & substain above min 15 min with the accurate target 🎯of 470,475,480.But if trendline breaks and price cross 458 then we will short in this with the accurate target🎯 of 456,452,445.
SBI ANALYSIS | SBI OUTLOOK | SBI VIEW | SBI PREDICTIONDownside gap is pending so definitely market has to full fill these gaps sooner or later.
Conditions applied:
If market goes below the intersection point of Trendline & Channel line which is @ 462.70 then we can go for short till gap was filled @ 449.2
BankNifty Spot Weekly Outlook For Week May30th–Jun 03Falcon Analytics Outlook Bank Nifty for the week ( May 30 – Jun 03 )
Technically on the daily charts we see minor support on the downside for BankNifty index lies at 34164 levels,
whereas minor resistance on the upside is capped around 36263 levels.
If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 33561/32958 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards major resistance at higher levels around 36719/37322.
Currently BankNifty index is just trading below 200 day EMA @ 35885 suggests long term trend is Bearish .
Falcon Analytics predicts range for the week is seen from 34164 on downside and 36719 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 37322
RESISTANCE 3: 36719
RESISTANCE 2: 36116
RESISTANCE 1: 35743
WEEKLY PIVOT LEVELS: 35140
SUPPORT 1: 34537
SUPPORT 2: 34164
SUPPORT 3: 33561
SUPPORT 4: 32958
All above views for education purpose only .
Regards,
MD .
Nifty Spot Weekly Outlook 30th May to 03th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( May 30 – June 03 )
As Discussed in Last Weekly Analysis Nifty witness selling pressure @ major resistance @ 16387 on Monday, while the major support for the week @ 15560 was not breached.
Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15907 levels,
whereas major resistance on the upside is capped around 16418 levels.
If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15712/15516 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16538/16734.
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16754 suggests long term trend is Bearish.
Range for the week is seen from 15907 on downside and 16734 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16929
RESISTANCE 3: 16734
RESISTANCE 2: 16538
RESISTANCE 1: 16418
WEEKLY PIVOT LEVELS: 16223
SUPPORT 1: 16027
SUPPORT 2: 15907
SUPPORT 3: 15712
SUPPORT 4: 15516
A ll above views for education purpose only.
Regards,
MD. [
SBIN HNS Pattern On Daily ChartThe Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally, volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal.
Nifty Spot Weekly Outlook 16th May to 20th May
Falcon Analytics Outlook Nifty 50 for the week ( May 16 – May20 )
Technically on the daily charts we see major support on the downside for Nifty50 index lies at 15560 levels,
whereas major resistance on the upside is capped around 16387 levels.
If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15304/15049 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16642/16898 .
Currently Nifty50 index is trading Below 200 day EMA @ 16819 suggests long term trend is Bearish .
Falcon Analytics predicts range for the week is seen from 15049 on downside and 16642 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16898
RESISTANCE 3: 16642
RESISTANCE 2: 16387
RESISTANCE 1: 16229
WEEKLY PIVOT LEVELS: 15973
SUPPORT 1: 15718
SUPPORT 2: 15560
SUPPORT 3: 15304
SUPPORT 4: 15049
All above views for education purpose only.
Regards,
MD .
Simple Trade Setup | SBI BANK [SBIN] | 16-06-2022 [INTRADAY]NSE:SBIN
Observations:
1) On 1Week time frame, we can see it has formed kind of Head and shoulder pattern.
Please refer below chart : 1week time frame.
Immediate support is at 440 level.
Breakdown of 440 will invite more selling.
2) On 1hr time frame, it made rounding top pattern.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#sbin at harmonic supportNSE:SBIN
given a good bounce from harmonic level in intraday for swing trade we need more conformation.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone)...
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Bank nifty key levels for the upcoming few weekBank nifty might face a consolidation for a few days
Fundamental factor
1. war-like situation in the market.
2. most Chinese cities are under lockdown.
3. due to LIC IPO we could see a sell-off in the stocks for some time.
4. Fed might hike the interest rate due to increasing inflation.
So, overall there is a lot of fear In the market
(REMEMBER ALL THE BULL RUNS START WHEN THERE IS PANIC IN THE MARKET YOU CAN TAKE THE RECENT EXAMPLE OF THE WAR)
Technical reasons
1. the level of 35500 is imp because it lies at a 50% fib level and according to price action it is a good support.
2. 200ma is resisting the 37000 level and 50ema is also resisting the market.
3. so overall there are a lot of resistances in this zone so this is a no trading zone.
WHEN TO BUY?
1. there is a gap formed at the levels from 37200 to 37600 and the market tends to fill gaps with a big momentum like in the past.
2. So, we could go long once it breaks the no trading zone and 1700 points target could be achieved