Sbin
NIFTY BANK : CONSTITUENT PARTICIPATION, A FUTURISTIC PEEP INA comparative study of Nifty Bank along with its top 5 constituents revealing possible futuristic participation of all major participants, role change, weight change, possible growth scenarios and much more intriguing trend compositions
Constituents included in the study
1. Nifty Bank
2. SBIN
3. ICICI BANK
4. AXIS BANK
5. HDFC BANK
6. KOTAK BANK
EVERY CHART HAS ITS SAY !!
Levels for - 04 Oct 2021EXPLANATION : This is a 30 Min 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 . If stock break the trend line we plan to short , downside levels marked in chart .
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SBIN LEVELS IN DAILY475 above closed at D candle ...SBIN will fly Targets 550-600 ,bcz its travelling in clear trend line
SBI TRADING IDEArange bound between 450 to 455 levels in 30 min chart. sustaining above 450 DCB expect 465,470 level.sustaining below 450 DCB we expect 440,435 level
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
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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)
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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
AnalysisSBI bank gives litle breakout from previous higher high with good volume and retest it at resistance level. So now, resistance may work as support level.
SBIN - Moving in ascending triangleSBIN seems good "buy on the dip" opportunity. It has been forming the ascending triangle pattern.
@johntradingwick
-NSE Certified Technical Analyst
-NSE Certified Fundamental Analyst
Disclaimer : This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
SBI AnalysisNSE:SBIN
Stock is in an uptrend and from 2020 May RSI never came below 30 which shows stock strength.
As per my analysis, If you wish to sell do it if the stock crosses the trend line, in the case of buying buy above supply zone.
Do your own analysis before proceeding, It's for educational purposes only.
sbi ready for a breakout? thoughts? i am fairly new to assessing patterns so waned inputs if these seems like a good point to go long.
SBIN long term target 550 in up coming monthsSbin monthly time frame is broked its multi year resistance & keep sustaining in that level.. we has the potential of moving towards 550.
SBI - To Beat All Private Banks ???SBI looking good above 470.
If it sustains 470 SBI can easily climb 530.
Positional Trade setup
Above 670 Will Touch Sky...Keep An EyeAs we Saw Good 40-50 points Rally last week and took resistance from 670 and failed to break it...
now the senario is like kind of Retrectment and channale pattern..
Now Strong Resistnace @ 451-455
Strong Support @ 435-430
If It Break 455 we will see further up move till 470 and then IMP Resistnace..if break then will touch sky with 1-2% retrecment
If It break 435 we will see more down move till 410-400...Strong Strong Strong Support ....Hard to break it...
sbin buysbin me FLAG type ka bana hua hai aur market bullish hai tho market gap up hi hai tho you can see a good move in sbin
SBIN State Bank of IndiaI have been following charts which are moving from low to high. The ones which already went up and then coming down, are not the ones performing bullishly atleast in the pandemic times.
SBIN was one of the stock chart which was going from a low to high level.
I am bullish on SBIN not because of the move today, I have been following this one for a while.
560 to 600 looks like a good movement for SBIN in coming days.
*This is only a chart pattern analysis and not a buying recommendation. Please consult a registered stock market expert before trading / investing your hard earned money.
Banknifty symmetrical triangle pattern 15M Breakout possibleBanknifty making a symmetrical triangle pattern in 15M chart
you can go long on bank Nifty with small SL for 1:3 RR if it gives a close above 37200 with high volume.
Avoid shorting BN before a good fall and retest confirmation
tomorrow is weekly expiry and it could be one of the best expiry we've ever seen because of EQUINOX .
give your views in comment section, thanks...
SBIN gathering powerSBI gave a good move on 16 September. It was muted by the china reality crisis and global cue. Now it is gathering up the fuel to move again, this time it can be huge as the government have made resolution plans for this NPA filled PSU banks.
