SBI LONGWave C was making diametric diamond pattern and a time wise correction
if this low of 425 sustains we are heading to 650-677 as a first target and more upsides later on ...
*for educational purpose only, trade at your own risk !!
Sbin
SBIN to give a massive breakout soon??!!Judging by the structure, massive consolidation and convergence of various EMAs, it looks like SBIN is heading for the sky!! As the results were declared tomorrow and were not so great, that's a perfect sign for me that its going to launch!! Lets see.
Worth making investment bet now? Worth making investment bet now?
This answer is uncertain for all the stocks. No one can predict future. Stock has already given a Triangle BO and now facing resistance at zone mentioned in the chart. Any dip upto 490 WCB should be bought!
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWhile Nifty recovered well from 17,200 the weakness at higher levels seems apparent. What's your view?
Keep and eye on SBI!SBIN is testing it's resistance for the third time and there is a high probability that it can give a breakout this time.
BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through.
3 scenarios are possible;
Scenario 1
Breakout in the range of 543 and move upside to the range of 577-585, This can be the first Target.
Scenario 2
Breakout in the range of 543 and test this range as support before giving an up move.
Scenario 3
In case the stock fails to give a breakout, the immediate support would be 520. If it takes this support, further up move can be expected after a bit of consolidation.
Please perform your due diligence before taking any trade and set a stop loss according to your risk appetite.
Happy Trading :)
JAMNAAUTO 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 pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SBIN Weekly 01-05 Aug 2022 Gann S/R Levels.#SBIN 's weekly Support and Resistance levels According to Gann price Square where SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
STATE BANK OF INDIA WEEKLY BREAKOUTState bank of India becoming strong on weekly charts with breaking downtrend resistance line and gives breakout on relative strength indicator and seems good buying absorptions too which is indicating coming good volumes and higher prices
CAUSE OF LONG-:
1- Falling resistance trendline breakout
2- Relative strength indicator breakout
3- Good buying absorptions indicating resumption of up moves in this counter
GO LONG ON SBIN INTRADAY TRADE] NSE:SBIN
This is intraday trade.
The stock is at 20 moving average
The will give 540 target and can get resistances from l ife time resistances
This is for educational purpose
SBIN - 26th July 2022Stock hitting Resistance Zone of 526 - 505.
Bulls can try to book profit from these levels.
Bears can try to push markets lower from here
SBI Looking BullishClear and Classical Double Bottom Pattern Seen in SBI, Looking to Go Long on SBIN Future (@ CMP 487) For the Targets 520 And Stoploss below Swing low 475
ADANI PORTS 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 pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
TATA STEELWait 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 pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
short state bank for target of 480short SBIN 407 for target 480 & 462 , as on chart PATERN XABCD completed sl 411
SBIN - Ichimoku Bullish BreakoutStock Name - State Bank Of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross the key psychological Level of 500.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
HDFCWait 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 pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SBIN
NSE:SBIN
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
SBIN - 14th July 2022Stock in Trading range for past 5 days bertween 495 - 480
Break of range can lead to sustained move in breakout direction. Plan accordingly
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIT stocks dragged Nifty below 16,100 today, a considerable fall. I feel all eyes are on the expiry now as we approach key psychological levels for both, Nifty and Banknifty.
SBIN Weekly Gann S/R Levels.SBIN 's weekly Support and Resistance levels According to Gann price Square where SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
SBI - 1st July 2022Stock hitting Resistance Zone of 470-465.
Bears will become active until these levels are crossed on closing Basis and try pushing the prices lower
SBi target 5 months 614Falling Wedge Pattern, Volume Accumulation
Chance of hitting target:70%
Entry point(previous resistance:534
Target 3-5 months: 614 NSE:SBIN
