i have shown .618 level as shown in my previous idea stock is still not able to break it also in 1 hour candle we for now can see bearish divergence with rsi so if it falls fresh long on lower line and also maintain strict stop of 375 only
NSE:SBIN
Sbi rallied and currently consolidating inside a triangle. Trend continuation may be witnessed if we get a 15min closing above the marked level
Symmetrical triangle breakout in SBIN. 🔥🔥🔥
REASONS TO BUY:
For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. SBI has earned Rs 2,57,323.5922 Cr. revenue in the latest financial year. It has posted decent revenue growth of 13.60 % in last 3 Years.
In terms of advances, the bank reported...
ICICI BANK has formed a higher high but the RSI was same as the previous High.
According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears.
I am not 100% sure about it but let me know what you think about it.
SBIN Buy
Buy- Above 373.5
SL - 370
Target- 376 380 385 390
SBIN has given a decent correction . we are going to capture the retracement of that fall. Buy from the given levels. Also be ready to short from 387-389 in intraday.
PRZ SELL
Short @ 387.5
SL- 390
TARGET- 385 380
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This 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...
State 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...
