NIFTY BANK IS LOOKING BULLISH Trend is our friend. Until it Bend in the end. 😂 My favorite picks are SBIN, Canara Bank, PNB and federal bank. Ride the trend.
Sbin
NIFTY PSU BANK INDEX - Very Bullish The index is forming an Inverted Head and Shoulder Pattern.
Just broke out of the Downward Channel resistance this week.
In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met.
Between 2660 and 3360 there could be some consolidation going forward.
Immediate short term - MACD crossover should give this space some momentum.
My Fav picks from the index include
SBI, BOB, PNB, Indian Bank, Central Bank & Canara Bank.
SBIN- TRENDLINE RESISTANCE BREAKOUT AFTER 10 YEARSSBI has broken a 10yr trendline resistance with significant volume, all oscillators are positive, looks good for 600+
State Bank Of India swingSBI swing trade idea, my predictions are that it will make a new 52 weeks high but if you are a risk-averse trader exit on resistance ie target price mentioned in the chart, and if you are willing to take more risk wait for 200 days ema to cross above 50 days ema/50 days ema to close below 200 days Ema. I have shared this idea for learning purposes only take the trade at your own risk.
State Bank of India could make Cup and handle and then breakoutThis is my first Idea I am publishing.
As shown in the chart before the breakout SBIN will trace back to Fibonacci value 0.382 and then breakout above the 425. RSI is also overbought so there is a chance of retracement and then boom.
This analysis is for educational purposes only...!
SBIN LOOKING VERY BULLISH !!!Market is slowly recognizing the worth of psu banks, buy sbin at CMP, sl: 378, target: 500+, horizon: 10W. All oscillators are positive. Chart is self-explanatory.
SBIN - CMP: 383The stock has given a Rounding bottom breakout with a good delivery volume. All Oscillators are in positive bios. We can expect near-term price movement up to 415.
PSU BANKS: Invest in one of the most underperforming sectors !!!We are at the cusp of a fresh bull run in psu banks. My top picks are SBIN, PNB, CANARA BANK & BOB. Don't miss the golden opportunity. Chart is self-explanatory. Only for educational purposes.
SBIN | LOOKS GOOD FOR 14%Buy @363. Tgts : 415. SL: 333
Thank you.
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SBIN is definitely looking promising.First of all, SBIN has given constant but below average returns and it has been one of the favourites of the trader, however things are turning in favour of SBIN starting from the good quarter results, accumulating volume to a breakout after a long long wait, where a support of 20 day ema is appreciated. Hence it might prove as a good opportunity .
SBIN: Beat the street with India's largest lenderSBIN has given a rounding bottom breakout with decent volume. All the Oscillators are positive. We can expect near term price movement upto 425-450, medium term upto 500 and beyond. I'm very bullish on SBI, because of its robust operating performance, loan growth recovery, strong deposit growth, outstanding asset quality and controlled slippages. As the Indian economy starts reopening gradually after peaking out of the second Covid wave, analysts believe that large bank stocks should turn out to be one of the top beneficiaries. My target price is of Rs 500 on this stock. Chart is self explanatory.
SBIN touches the uptrend lineAccording to Day chart view the candle touches the Uptrend line again it come back to support line.
If the next candle closes above 403 then it will go up to 420 otherwise it come to support line.
RSI also showing that it is now just enter over bought zone.
sbi harmonic resistance became support?as we can see pattern completes at .886 level and last 4th bullish candle breached it upside and after that this .886 resistance has turned into huge support now.
346 is huge support now you can keep this stop for long term investment
SBI LONG FOR TARGET 400 WITH SL 375
SBI GO LONG FOR TARGET 400 WITH STRICT SL 375 in next two - three trading session.
SBIN looks Bullish !!!Invest in one of the most underperforming sectors, buy SBI at current market price for a target of 500.
Reasons:
1) Triangle pattern breakout with good volumes.
2) Made a "Golden cross" the golden cross is a chart pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.. As long term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
3) MACD above signal and center.
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades i share here are provided for educational purposes only.
SBIN: BIG PROFIT IDEA FOR SHORT TERMTRADE OF THE YEAR. BUY SBIN AT CMP FOR A TARGET OF 650, HORIZON: 52 WEEKS.
(DON'T MISS THE OPPORTUNITY).. THANK ME LATER !!!
