Sbin
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "340".
Avoid Trade untill PROPER ENTRY level.
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Entry: 340
target: 400- 420- 478
sl: 315
major stoploss/ support: 290
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Enter only if market Retrace and Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer our old ideas attached below for Backtesting
Banknifty cautious level: Exit poll; Avoid - levelsBanknifty " Wedge pattern "
Now, currently Trading inside sideways level.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer old ideas attached below
SBIN Weekly Update 14/JUN/24Hello Traders ,
Am small Magical boy has the Power to move further with the trend continuation.
Last week update we have Recognise a patter forming thats rising wedge pattern & SBIN able to recover it close above trendline.
Candlestick indicates THE BULLISH HARAMI , a strong trend further is Evolving in mothers womb.
RSI indicates super bullish bias as it holds the level of > 70 levels.
Wait for the candlestick pattern identification so one can build up on Daily Chart.
HAPPY TRADING
SBIN - Classic Textbook Pattern!It is a risky bet since it made a huge doji on Weekly TF and the selling volume is huge on that candle though the prices are sitting at a good level, one can plan a LONG position with 10-15% MAX SL. However, the RRR doesn't look good to me honestly...
Trade details:
Entry - CMP 840
SL - 799
TP - 850,900
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
SBIN Weekly Update 07/JUN/24SBIN is Crrently not good at Levels to plan Entries.
A Rising wedge pattern is Recognised on WEEKLY TIMEFRAME. More dips to come soon.
As it did not break above The 3rd june Pqnic High.
A regular Bearish divergence on RSI to be found with the pattern.
MONTHLY RSI > 60
WEEKLY RSI > 60.
DAILY RSI < 60.
Will sit back & regognise the pattern formations.
HAPPY TRADING
Bank Nifty experienced Range bound session on Thursday Indian benchmark witnessed Range bound session after prev day recovery,
Bank Nifty remained in opening range after small positive opening
The imp upside hurdle is placed around 50k zone
whereas downside support is around 48000 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility in 1st half due to RBI Policy outcome
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty fell by around 5000 points in Tuesday session...!Indian benchmark showed correction & lose more than 6%
on Vote counting day.
Bank Nifty broke down the trendline & showed sharp correction
to slip easily below imp support levels
A Big Long candle has formed on Daily TF, erased last few months gains
The imp upside hurdle is placed around 48600/800 level
whereas downside support is around 45950 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show Choppiness after today's sharp fall.
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Take a look: low risk; 35% ROI possible; don't missFundamentally good stock,
Good for 1-3 weeks holding.
For short term investment in cash market'.
Leave a " Like If you agree ". 👍
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Entry: 72 (daily should close above)
target: 75- 85- 96
sl: 66.5
major stoploss / support: 63.40
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below
Bank Nifty crossed the level of 50,000 for first time ever ...!The market witnessed the session of june 3 with Robust gains,
following Exit polls results.
After Big Gap up opening Bank Nifty remained in postivie momentum & closed near 51000 level
A Big Bullish candle is formed on daily chart
The imp upside hurdle is placed around 51200 level
whereas downside support is around 50000 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the Election Results on june 4
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank NIfty relatively outperformed in last week Bank NIfty also gave negative returns in last week but relatively outperfomed
Bank Nifty witnessed correction in 1st half
& some recovery in 2nd part of last week
Upside hurdle is placed near 49200/400 level
whereas imp downside support zone is around 48400
Market may show volatility during the Results of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
State Bank of India can show momentum outside the narrow Range Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
SBIN is consolidating in narrow range from past many sessions
If decisively sustains outside the Box range, directional movement could be possible
However in case of Bearish pattern at upper end of range
it may come back to prev week's range
Important downside support is around 800 zone
whereas upside hurdle is aroud 845/850 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
What Is India VIX & Its impact on the Market Q: What is India VIX?
Ans) India VIX, or India Volatility Index, measures the market's expectation of volatility
over the near term. It is often referred to as the "Fear Gauge" as it indicates
the level of fear or risk in the market.
Higher VIX values indicate higher expected volatility,
while lower values suggest lower expected Volatility.
Q: What does a High India VIX indicate?
Ans) A High India VIX indicates that traders expect significant volatility
in the market. This often corresponds with market uncertainty or fear,
possibly due to Economic Events, Political instability, or other factors that
might cause large price swings.
Q: What does a L ow India VIX indicate?
Ans) Low India VIX suggests that traders expect the market to be relatively
stable in the near term. This typically corresponds with periods of market
confidence and lower perceived risk.
Q: How do major events affect India VIX?
Ans) Major Events such as Elections, Economic Announcements, Geopolitical Tensions,
or Natural Disasters can significantly impact India VIX. These events often lead to increased uncertainty and Fear, causing India VIX to spike as traders anticipate greater market volatility.
These are some of the Basic information about the India VIX and its impact on the Market
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Bank Nifty showed Recovery today & closed with gains Bank Nifty showed opposite direction movement as compared to NIfty index today
The Index bounced sharply from 48300 level after market opening & remained in
positive zone.
A Positive candle is formed on daily chart
The imp upside hurdle is placed around 49100 level
whereas downside support is around 47300/200 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
SBIN DOUBLE BOTTOM CONFIRMATIONState Bank of India (SBI) an Indian multinational public sector bank and financial service ready for big rally.
In recent quarter we saw a tremendous growth in banks financial statements and we got confirmation on chart that stock is ready for Rally.
In past few weeks we do see stock form double bottom pattern on weekly basis.
CMP : 820
SL : 760
T1 : 880
Note : This is only for educational purpose
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Bank NIfty continued to underperform on weekly Expiry Day Today ICICI & HDFC Bank weighed down the market
On Thursday all eyes will be on the result of
Major heavyweight bank (SBIN)
On the down side imp support is placed near 47800/700 zone
whereas upside hurlde is near 48500/700 level
In case of Gap up/ Gap Down scenario,
wait for first few minutes & track for price action at imp levels
*For Educational Purpose