Get started

Sbin

Oscillate The Right Way: RevisitedFor all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study.. Abbv. used: Overbought -- OB Oversold -- OS Divergence -- Div A-- OB B-- Div after OB at A C-- Double top and Div Multi week correction back to support D-- OS at support and very sharp rally due to news E-- OB in the same news candle Multiweek correction back to support F-- OS and Div at support Multiweek rally to previous highs G-- OB H-- Div Price still rallied and made new highs Later a very sharp fall back to support I-- OS J-- Div at support Price rallied sharply to the high of point E K-- OB L-- Div At L we have similar condition as we had at E. These conditions may pull the price back to the high of E at around 350 to find some support. Some observations: # Div not always lead to an immediate fall. Once it is OB/OS conditions, one may have to look for div trades on lower timeframes like daily. # One should not force trades and let the price take its course of action and reveal hands (eg at H) # Price action at lower timeframes should be given equal importance. # Div after OB/OS conditions works great. # Sharp rallies which take old highs in just one or two weeks plus OB conditions means caution. Same is true for sharp falls. # Div trades look very simple in the hindsight but as per my experience they are not that easy to trade in the live market. I hope this will add to your knowledge. Regards JJSingh
NSE:SBIN
by Bravetotrade
4
SBI Important Levels SBIBANK consolidated between 390-400 before breaking out and reaching 52 week high of 427.7. 390 is a major support zone followed by 400 being a support and short-term resistance zone and after breaking 400, 405 serves as a resistance zone. PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views and suggestions, I am still learning.
NSE:SBIN
by pranavshrimal
SBI OVERBOUGHT ?? That's what charts say.Hi , thanks for stopping by at the analysis. We started off with the Weekly time frame where we marked the important key support and resistance levels, as we all know that SBI has broken its all-time high recently. But there's a pattern which we can see previously as well after drawing the counter trendlines. Also on RSI the mark is above 80 now which means profit booking may start anytime soon. Any comments will be really helpful which are not in-line with my thought :P
NSE:SBIN
by Abhishek_TradersSin