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Short the State Bank of India (SBIN) StockHello, This is my Technical Analysis for State Bank of India (SBIN). According to my analysis the price will go up. We should take entry at 462 The 1st target should be at 451 The 2nd target should be at 440 Stop Loss at 468 Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
NSE:SBINShort
by BirhangBasumatary
Swing SetupEXPLANATION : This is a 1 hour time frame chart of SBIN . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on SBIN , I am expecting a target of more than 7 % here . If give a strong breakdown and broke its trendline support & demand zone with high volumes and retest the same , I am bearish on SBIN . If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:SBIN
by pranav_nanavare
1
Nifty yet again fails to clear 17750 and ends below 17700NIFTY 50 EOD ANALYSIS -04-10-21 In this post, I talk about the analysis for the day and the trading range for the upcoming week. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. NIFTY O H L C C - PC H-L VIX FII DII Net Cum Likely Open 4-10-21 17,615.55 17,750.90 17,581.35 17,691.25 159.20 169.55 16.74 860 228 1,088 1,088 Flat to positive CHART BASED CONCLUSIONS using 5 Minutes Chart The US markets ended the week in good green so it was natural for our indices to open in the green with a gap-up which was quite good and sustained as well. Nifty ended the upside movement as soon as it hit 15750 and for the 4th time in the last few days, it turned around from around 17750 levels. And then, a mini sell-off started and Nifty never recovered from there despite making an attempt to close above 17700. Finally, it settled for the day below 17700. NIFTY WEIGHT LIFTERS & DRAGGERS NIFTY LIFTERS NIFTY DRAGGERS RELIANCE 21.00 GRASIM 4.00 BAJAJ FINANCE 19.00 CIPLA 3.00 DIVIS LABS 19.00 HUL 3.00 BAJAJ FINSERV 18.00 IOC 2.00 ICICI BANK 10.00 TITAN 1.00 87.00 13.00 NET 74.00 POSITIVES Nifty closed above the 20 MA line. Nifty ended the day just below 17700. Reliance was firm throughout the day and helped Nifty stay at higher levels. Bank Nifty also managed to close above 37500 levels. VIX has fallen below 18. NEGATIVES Hdfc fell 40+ points from its day high which was at an intraday resistance. Hdfc Bank also failed to hold 1600 levels on a closing basis. TRADING RANGE FOR THE PERIOD 5-8 Oct 21: Nifty - 17400-450 Support is strong for now. Resistances are at 17700-750. BANK NIFTY - 37000-37200 Support and 37800-38000 as the key resistance areas. INSIGHTS / OBSERVATIONS VIX has fallen below 18 indicating limited downside potential, but more sideways movement. Based on my Swing trading process, I bought Larsen & Toubro in 1720 CE when the spot was around 1704. I had to pay 51 for the option. The spot ended the day at 1715.25, up by 11 points, and the Option decayed by 1 point. This was clearly the outcome of a falling VIX and the impact was more than severe in my view. What do you feel about this? Thank you, and Happy Money Making! Umesh 4-10-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTYLong
by AVENUESOFINVESTMENT
SBIN: Chart set up and trading strategy for October monthSBIN Observations: - we see SBIN trading in a channel since 17 May - if the blue line is taken out SBIN may fall up to 419-406 zone - on the flip side, 467-472 has seen increase in supply in recent times - if this zone is taken out, there is a potential for a rise up to 512 odd levels - however it may encounter some resistance around channel top - channel top on 28 Oct comes around 488 ____________________________________________________________________________________________ Given the set up one may consider selling SBIN 28 October 2021 expiry 510 Call Option currently around 9 & 420 Put option currently around 4.2 (Max profit potential of 9.5% approximately. The strategy covers risk for a rise in SBIN price up to 523.2 on the upside and fall in price up to 396.80 on the downside) Any close in between these levels on 28 October and the strategy would be profitable) If you find the analysis interesting, Like it & Follow for more such trading ideas Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:SBIN
by indiamarketoutlook