Get started

Sbin

FY21-22 Swing Trade Idea #28: Long on SBINThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:SBINLong
by onerighttrade
SBIN - Investment grade setupState Bank of India showing a multi-month breakout on a monthly chart. Breakout was preceded by an almost 10 year accumulation. Though the last phase of accumulation was pretty fast, post covid rally helped the phase. Now, it looks like the accumulation is over and the stock will trend. This is a good pick for long term investment. The stock can test 700-800 zone if price manages to stay above the channel in next 2 years. My stoploss = 335. SIP is also advisable. Note - we had shared buying from 200 zone to 400 zone previously (23 August, 2020) and had exited then. We do not have any cash positions in SBIN yet, however we intend to make a considerable position in coming months. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:SBINLong
by Market-Thalaivaa
2
#sbin analysis short termChart is self explanatory. But for the newbies - Till we hold above the axis we are good to buy, in case we break it and couldn't sustain above it then the scrip might fall towards 340/325 levels. If holds above the axis, look to buy till the liquidation zone marked above, where we could see the liquidation and the fall of the scrip towards 380. But it is a long way to go, and with no prediction we will just focus on 400 level above the axis and below the axis 340/325. Nothing much to be complicated. When it touches the zone around 400, then we will see what could be the further target. I have mentioned that level a bit early because in case I do not update on the scrip for some reasons, you will remember these levels and trade accordingly. Regards
NSE:SBIN
by yogi_sharma_elliottician
17
SBIN: THE BANKER TO EVERY INDIAN 🔥SBIN: INVEST IN ONE OF THE UNDERPERFORMING SECTORS. Reason why I am very very bullish on "SBIN" 1) I have my personal Bank account with SBIN. 2) SBIN has formed acceding channel pattern, the stock has been trading within the channel since 2007, finally gave a BO with huge volumes. 3) SBIN has Strong Balance sheet. 4) SBIN profitability does very well as the economic cycle turns. 5) The credit cycle has just turned. Going ahead, there will be a lot of demand for money. The cost to income ratio of public sector banks is going to come down. There will be pricing power as there will be demand for money. 6) Morgan Stanley and notable brokerages have retained overweight rating on this stock. According to me, SBIN TARGET: 650 HORIZON: 6M
NSE:SBINLong
by Chinmayonniftyy
2