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Banks fell badly (especially SBIN & SBI Card) after the new RBI card rules, which was a drastic reaction. SBIN seems to have formed strong support at 550. I expect SBI to hit at least 600 before falling.
SBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
Levels are mentioned in the chart Take care and safe trading...!!!
📊 Details State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If...
SBIN AGAIN AT DEMAND ZONE ON MONTHLY TF DISCLAIMER: ONLY FOR EDUCATIONAL AND LEARNING PURPOSE
SBIN - short trade for target 590-587.7 reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1 disclaimer - trade @ own risk
At rejection zone. No signal of reversal from candilstuvk pattern
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Here, is the chart of Largest Public sector bank - SBIN.... What's your opinion? Bullish or Bearish?
Sbi can climb up from here if holds 586.. cn buy in range oof 586-589 with 582 as stop loss for 600 620 targets.. Only taking trade for high risk reward
SBI has formed Double Bottom Pattern and started to gave a breakout from 568 as that was resistance line. Based on the pattern target can be set as 625-630. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered.
SBIN :- If we get a breakout and sustain it, we may see upside movement. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful...
👑Royal Trade👑 BANK NIFTY IMPORTANT LEVEL we buy Call and my Traget is 45,500 Dont buy any trade without stop loss This is only level we upload new idea in morning 9.30 Buy when Market Break The support or Resistance and wait for the closing and set stop loss at the last opening of the candle. NOTE #We Are Not Promote Anything #This channel Purpose to...
Daily Timeframe: State Bank of India SBIN is going to 620 after clean breakout of double bottom formed at support level
Elliott Wave Analysis 1) Impulse Wave:- there is a chance of 3rd major wave ending and the 4th impulse wave is taking place. after a fall we can accumulate. 2). Corrective Wave:- (complex correction) A correction wave had completed and now the connecting wave X is forming may be the next wave can be a formation of Y or a complex correction. ...
Elliott Wave Analysis 1) Impulse Wave:- there is a chance of 3rd major wave ending and the 4th impulse wave is taking place. after a fall we can accumulate. 2). Corrective Wave:- (complex correction) A correction wave had completed and now the connecting wave X is forming may be the next wave can be a formation of Y or a complex correction.