Sbin
#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
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
#cnxpsubank cup & handle formationcnxpsubank index @2240 clearly making cup& handle pattern. Is the risk reward favorable to preempt the formation before breakout?
Those who are seeking opportunity should give it a try. With entry point 2240 and stop loss at 1900 the reward seems to be 3600 which is 1:3.
Seems to be best bet for next 3 months or so. Weekly positive DMI moving up again and Negative DMI facing down (suggesting bears are not interested) and with ADX at 30(very strong), this is a not to be missed opportunity Monthly Charts also confirming the pattern although ADX still sloping down suggesting the Index may move up with little time & bit of volatility. What`s your take?
SBI cards | Very good consolidation for a BOTAKE the trade if it opens a little gap up or sideways and with more than avg volume it breaks the blue trend line + closes above the biggest wick that is near ... take the appropriate risk and rewards will be at least the top orange dot marked and possible upside can also be seen.
A breakdown or a gap down = leave the trade.
Happy trading :)
Don't take the trade if u don't feel well emotionally or mentally ...
SBIN: TURNAROUND POTENTIAL SBIN: DON'T MISS THE GOLDEN OPPORTUNITY. TRIANGLE BREAK PATTERN IN SBIN.
LOOKS GOOD FOR MEDIUM TERM.
TARGET: 600
HORIZON: 6M
SellSell on rise around 371 and 380 with stop loss above 387 for target of 310.
Disc : it's not an investment advice to buy or sell
BUY SBI BUY SBI 352.5
TARGET 360-365
SL 347.8
Its taking a good support at this price and should take a good momentum here on.
