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Sbin

State bank of India - Cup & Handle patternSBIN brilliantly formed a Cup and handle pattern in Daily time frame. Now it is in the Handle phase, we need to wait for the breakout at 445 and a successful retest to avoid false signals. Target can be upto 115 points. Its better to take positions in cash market, FNO traders need to take a far month contract as this will take maximum 6 month period to achieve. Kindly share your valuable feedback. Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
NSE:SBINLong
by natarajanshankar
5
State Bank of India (SBIN): What to do in times of correction...Currently State Bank of India (SBIN) is under pressure and its price action points to a correction, and its 50 day EMA was breached at 486. Price violation below the trendline around 466 would create downward pressure. And the stock might test 456 and 438, which are 100 and 150 day EMA respectively, if weakness in the stock persists. However, these levels can also act as turning point, supported by chart structure, indicators and technical analysis. RSI has broken the level of 60, so need to watch. Relative Strength is still positive and above zero line. Would be cautious if it slips below the zero line. However, amidst the current scenario, I am bullish on this stock in the long term and think this correction would make the stock attractive. But please also keep in mind the trajectory and the technical parameters of the stock and make an informed decision based on it.
NSE:SBIN
by TheUnlearningOne
SBIN SHORT-TERM SWING TRADE!Hi everyone, Sbin short term swing trade consider buying CMP 507 or above 516 targets 525 & 532 stoploss 495. LOGIC BEHIND TRADE : Stock is trading on it`s hourly support & good oppourtinity to buy from support (505-503) stoploss only 5 points and targets identified from harmonic xabcd pattern levels 0.886 & 1.131 stock can correct little from static resistance 516 agressive buyer can consider buying from support & safe buyer can buy after stock sustains above static resistance. NSE:SBIN
NSE:SBINLong
by UnknownUnicorn30938178
Sbin Long I hope you can now see how SBIN represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:SBINLong
by EntryandExit
#KREBSBIO KREBSBIO #NIFTY BANKNIFTY #NSE #BSE #HDFCBANK #SBIN Krebs Biochemicals And Industries Ltd. NSE:KREBSBIO NSE:KREBSBIO CMP: 175.40 Target: 250+ Time frame: < 6months SL: 148 Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:KREBSBIOLong
by Rachit_Sethia
My simple way of growing capital base leading to Wealth creationThis is how I grow my capital base leading to wealth creation Note: This post is meant specifically for retail traders and or investors like me who may not have or may not have and or deploy a significant part or entire capital to the stock market. So please read the post with this in mind. I am sharing my way of doing things or what I would do to better manage my available capital and progressively grow and eventually compound it. One of the better ways to manage gains and compound wealth is to invest gains made back into the markets in the shares of companies that have growth potential and or offer good dividend yield. Sometimes such companies are also known as those that belong to the Sunrise sectors. This may not be entirely applicable to those who trade for a living. For example, I have of late been investing my gains in the following: Burger King Westlife Development EI Hotels Zomato IRCTC Idea and would like to add: NTPC Powergrid BPCL REC Ltd PFC Ltd Pidilite Jubilant Food Dmart And there could be many more to the list. Some of the above are trading around good price levels so even more attractive than others. There may be several more names but my gains are not infinite at the moment and I "trade for a living" in reality so I have to first take care of my monthly outgoings and then the remainder gains are only eligible for reinvestment. This sounds very easy but it is not so as one can never say that trade may always go in the intended direction right from the word go. It is quite possible that the trade may hit my SL and then go in the intended direction and I may not be on board. These uncertainties are part of the life of a trader whereas an investor may be able to wait for the price to rebound or may have spare funds to deploy at lower levels. If you believe that you like this approach, you may follow these names or find the ones that you feel may be the future leaders! --- Another approach that I prefer to follow is to do content-based trading --- where there you need to identify a scrip in which you would like to invest. Preferably for positional or long term. Plan trades such that you can buy at least 1 share of the chosen scrip once the share price moves in your direction. This will help you track the share in a better manner and add the quantity that you are comfortable with as soon as the price starts going up. For this to be successful, the share price should ideally be between 200-500 and the daily movement or the volatility should be good enough for the prices to generate a modest to decent return in INR terms. This is meant specifically for traders/investors with low capital or low-risk appetite. I got this idea last year when going was extremely hard for many of my friends and acquaintances. Several of them asked me to help them find a job - when there were no jobs, the only thing that I could suggest was this and I taught them how with the help of technical analysis, one can attempt to make two ends meet and put food on the table for the family. I had at that time guided them to follow the above approach with very limited capital deployed. This helped many to fund the weekly needs without taking on too much stress on the head and in the heart. I was very satisfied that my thoughts and suggestions were effectively put to use by many of them and they were able to relieve their family members of worries and anxieties as well. On the auspicious day of Diwali and the New Samvat Year, I thought of sharing the above-mentioned thoughts that I and a few others have put into action. I wish you and your loved ones brighter and sparkling times ahead! 🙏🙏 Umesh 5-11-21
NSE:BAJFINANCELong
by AVENUESOFINVESTMENT