Trading below 50 DMA and taking support at CMP. target mentioned in chart.
SBIN on bigger time frame shows 100% retracement on Fibonacci that indicates trend reversal. Also on smaller time frame i.e. 15 Min, there is Head & Shoulder pattern formed and on 27th of Aug. On next day it works fine. Now, lets wait for the major trend line break i.e. 400 and it is also psychological level
Breakout of previous high with decent volumes. Wait for restest to enter.
SBIN taken good support at 400 Expecting short term target 440+
(W) is still not confirmed but the price is 401 can be possible for an upside move. As per EW, very short-term traders can take long 404-407.5 in range with a protective stop below 401. Last update on SBIN:
NSE:SBIN ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Where do you think the #stockmarket is heading? Important Nifty levels and Banknifty levels for tomorrow: Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops) Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
SBI at support zone. It may bounce off strongly. The move may also be supported by the movement of bank nifty on 20th August 2021.
The stock is looking good to buy above 433 for the marked targets on the chart until the red line is intact on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
As per Analysis Sbin gave a false breakdown move and brokeout at top in 15 mins candle... Hoping to see a good pullback for taking entry.. Comment your thoughts whether i am right or wrong..
NIFTY 50 EOD ANALYSIS -16-08-21 IN SUMMARY O / H / L / C 16518.4 / 16589.4 / 16480.75 / 16563.05 H-L = 109 VIX 13.46 / +3.62% FII DII: -588 Crores CHART BASED CONCLUSIONS Nifty closed above 16550 for the first time. Nifty made a higher high and a higher low. Nifty seems to be building its base around 16450-500. Dips are being bought in. 16600 appears to...
Buy @433, SL-431, TGT-436/437 Sell @429, SL-431, TGT-425
SBI spot cmp 465 Elliot wave study Time frame :- Daily Major impulse phase and minor impulse phase of major wave 5 have matured around this levels,, dual bearish divergence in RSI indicate the trend is about to mature,, reversal in trend possible around this levels,, Keep watch can reverse by 10 to 15% from current levels Good short candidate
SBIN has shown a good volume breakout We can trade on any dip to get better entry near our stop loss. Happy Trading !!!
All charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Forming a bearish triangle pattern on 15mins chart. Keep on watchlist for next day. Disclaimer: This is my own analysis and not a recommendation. Plz do your own analysis before trading.