Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Channel 📌 Symbol/Asset: SBIN 🔍 Description: Stock is in Rising channel. and now Stock is around the resistance of the rising channel. We can see downside of 18-20% if 730 levels are intact !! Huge shorting opportunity !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Cup &Handle breakout and retracement done on weekly for the target of 740. Team Stocks-n-Trends. Note: This is for educational purpose only.
State Bank of India (SBIN), Broke the support of a trend line. A retest will confirm the bearish moment. Keep Watching it for short term bearish moment.
SBIN is trading around the highs and if forming a bullish flag and pole pattern. For last 3 weeks it is holding on to the higher levels. A nice bullish trade can be capture for a 10-12% move in near future. A nice move it has already given and it can touch another milestone of 700 in this quater. Break out can provide a nice up move in the stock. Positional...
Stock Name: NIACL Timeframe: 1D (Daily) Chart Pattern: Flag and Pole Trade Duration: Swing Trade (3 months) Volume: Good volumes, indicating market interest. Trade Strategy: Buy on current market price (CMP). Stop Loss: ₹210 for risk management. Target: ₹332 for potential profit. Risk-Reward Ratio: Favorable.
BankNifty Weekly Analysis Between the last expiry and today, BankNifty has fallen 1274 points ~ -2.69%. It may not look so dangerous, but keep in mind we had a swing range of 2328pts ~ 4.82% between the high to the low of the week. Of these 2328pts, 2060pts ~ 88.4% came just today. 16mts chart BankNifty Analysis - Stance Bearish ⬇️ We opened 1423pts ~ -2.96%...
Stock has already concluded it's running triangle structure at Oct'23 low of 543 and currently rising in an impulsive manner after the breakout. The measured target for this structure is coming in the region of 790-800 zone. Hence, stock is likely to hold above INR 600 on any weakness and extend it's gains towards INR 790-800 in the coming weeks. A sustained...
POINTS TO NOTE 1. Simple symmetrical triangle printed here. 2. Breakout is supported by Volume breakout as well. Target is the pattern height. 3. SBIN is a healthy uptrend in higher timeframes as well. Disclaimer: Please do your own analysis before entering trades. And always enter SL first.
sbin breaks this weaks stong trendline its falls a lot and gives a good target hunting oppurtinity its clearly showing
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Stock has given a failure breakout of H&S pattern. This suggests that stock is likely to move higher towards 675 in the coming days. Buy on CMP, add on dips , keeping SL of 575, look for the tgt of 645/675
Over last few weeks, there had been too many posts on SM which were shared about some of the large cap names which have provided zero return over last "x" many months. That intrigued me to understand the concept of timewise correction. The composite chart of major large cap of Nifty or as they say HRITIK (+few others) stocks suggest that they have gone through...
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Symmetric Triangle 📌 Symbol/Asset: SBICARD 🔍 Description: Stock is around its strong support. Huge upside is possible if prices gives breakout. We can easily see 60-80% upside from hereon. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Market Capital: 5,53,192 Cr. Stock P/E: 8.11 ROCE: 5.20% Company has delivered good profit growth of 76.1% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 17.3% Company's working capital requirements have reduced from 152 days to 118 days Symmetrical Triangle Pattern Breakout on Weekly Time Frame with good Volume. Dip Buying...
The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to...
Buy SBI Card Between 750-760 SL 710 (50Rs) Target 1: 835 Target 2: 875 Target 3: 915 Target 4: 995 Target 5: 1160 Duration 6moths to 1 Year Closed above 50 SMA with volume, possible reversal . Trade as per you risk rewards.
SBIN may be downtrend , see the support levels . major resistance there in so may months, focus on it
Stock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which...