Sbin Short I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Sbin
The simple way for the Waves Counting on SBIN basic.The Round labeled A,B and C are the PRIMARY WAVE counted.
The bracket (a),(b) and (c) are the Secondary wave in which covered almost all big moved of the Primary Wave.
I have drawn basic Pattern inside this Wave Counted and we can see below clear picture of the trend.
Conclusion of this wave counting: The price is travelling toward the the primary rounded wave C and, the secondary wave for wave(b) downward.
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SBI to reverse after an evening starSBI formed an evening start after an uptrend and is likely to fall till the next strong resistance.
Initiate short calls.
Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197.
NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Sbin ShortI hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
CONFIRM SHORT TRADE IN SBIN AS PER WAVE THEORY and DEMAND SUPPLY
We are looking at the Monthly chart here; we clearly see Wave 1, 2, 3, 4 complete and now Wave 5 is forming;
Wave 1 and 5 are almost similar waves in terms of both magnitude and direction also Wave 5 each and every time definitely breaks the low made by the end of Wave 3 therefore we are super sure that it will cross the previous low of Rs. 149.45.
Let's verify every Wave in the Lower Degree to confirm the above structure and to find an accurate entry in the Potential Supply Zone;
Wave 1: Downward Simple Impulse
Wave 2: Upward Simple Correction
Wave 3: Downward Simple Impulse
So Wave 3 is complete and verified I have also shown the magnitude of every Wave to have a clear understanding regarding the Impulse;
Wave 4: Tripe Three Correction Explained and verified with most unexplained X Waves;
After verification of all these Waves we are sure that this is a downward Impulse and Wave 5 will surely end below the Low of Wave 3 (Rs. 149.45)
Wave 5 will formed as per the Monthly chart which means we will have 5 Wave downward Impulse in The Lower Degree charts
Here we see that Wave 5> Wave 3> Wave 1; which is together a Wave 1 and hence we are sure to have Wave 3 as an Extended Wave;
Hence the Downward Move is assured with immense volume;
Wave 3 starts and here we will have a 5 Wave downward Impusle formed;
We have Wave 1 and 2 complete which confirms the start of Wave 3;
In Wave 3 which is to be formed in 4H hence there will be Impulse formed in Lower Degrees which are as follows;
Also this is the 1st Trade in Downward Direction;