TRADE SBI LIFE ON 5TH OCTIF GAP DOWN : IGNORE IF WEAK MOMENTUM , IF STRONG
STEP2;
LOOK FOR BREAKOUT CANDLE AND LOOK FOR R1 AND R2
IF GAP UP:
FOLLOW STEP 2
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TAKE CALL ON YOUR OWN RISK
Sbin
BANKNIFTY KEY LEVELS SUPPORT AND RESISTANCEBANKNIFTY UPCOMING SCENARIO EXPLAINED
SCENARIO 1- FOR UPPER RESISTANCE BREAKOUT
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SCENARIO 2- TESTING UPPER RESISTANCE AND THEN BACK TO DOWNTREND
Weekly trend analysis of SBIThis is a simple trend analysis showing strong support and resistance levels on a Weekly chart of SBI. The green rectangle shows a strong support region tested for over 10 years. The price has entered the green region along with an oversold RSI, which indicates that one should start buying at this level. It would be better to start making positions as the price goes deeper in the green zone or a risk-averse person can start making a position after a breakout.
The horizontal line at 251 shows a strong resistance/support tested at various intervals. That could be the first point of profit-booking. Use price and volume data to consider whether to hold (in case the share breaks out with strong volume) or book the profit (if the share shows signs of reversal). Profit-booking at this point will give a 30% return.
The red region shows the resistance region and is the profit booking point for the trade, in case the price breaks the 250-level. Profit-booking in this region will give around 70-85% return.
SBIN is Making Ascending Triangle Pattern (Breakout Trade)State Bank of India : Financial Services Company ( NSE:SBIN ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
SBIN - Hammer at support with low RSINote: This is for educational purpose only.
There seems to be a hammer candlestick pattern formation which is formed at the previous support levels. This hammer is apparently seen to be forming at the lower band of Bollinger band as well. RSI has bounced from oversold zone.
Entry Price: ₹183
SL Price: ₹171
Target: ₹195 - ₹210
State Bank of India will BREAK it or MAKE it ? Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!!
The most important point is if price wants to go up then it must have to take out the yellow trendline in 4hr & daily time frame. Then and then only investors can look for long term positions.
For traders, everything is in the chart above.
Now, above target 2 you can exit wherever you want, if you are satisfied with the green numbers you are seeing in your account then exit as simple as that!!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
ThankYou!
SBI Short setupWill wait for price action at 205-206. Bearish Wolfe wave and Bat pattern suggest good short around this zone.
SBI CHART ANALYSISTHIS CHART GIVES YOU KNOWLEDGE ABOUT SBI BANK CHART ANALYSIS WITH SUPPORT AND RESISTANCE
Bank Nifty Supports and resistance.. And bearish patternThe Bank Nifty is making a bearish pattern called head and shoulder pattern, The banks are already weak, the hearing on moretorium will be on 28th September 2020, and it will not totally be in the favour of the banks. The pandamic is not over yet, so this all suggest will test the 21650 levels again and if it breaks will test 20000 levels also
head and shoulder on "SBIN"All levels mentioned in the chart. How did I say this?.. ITS by fibonacci levels ,by head and shoulder pattern and by RSI
Why #Banknifty maybe headed to new lowsWhat we saw today is the last subwave v of the first leg (wave1) of the downward move. This should terminate a few hundred points lower and start a wave 2 correction and then the really rapid acceleration down in wave 3 which will "surprise" everyone.
The story is clear - the trend has turned. We should expect new lows in this index and then it should reconcile with the economic condition on ground.
All Banking stocks are sporting corrective rallies that have ended - there will be no respite whether you are HDFC,ICICI,Axis, SBI, or a Bank of Baroda
SBIN Chart AnalysisProbably Going upwards soon... May be it's Morning Star Pattern which indicates Upward Trend and Share will go up soon... Target : 225-230 (1-1.5months), Don't take trend based on this... Just for information and I'm not expert just learning and try to improve myself
SBIN longit has given a breackout at its very strong registance so make a long postion of sbi
it will go about 240 in upcoming sessions
SBIN - Positional Re-test betBuy above 203.85 for 205, 207, 210 with SL at 202
Sell below 202 for 200, 198, 195 with SL at 203.85
Refer : 1. The Ranged Bet idea for validation on the S&R lines drawn
Refer : 2. Upar Jaane ka Raasta idea for Fib Levels for logic behind the targets
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 .
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 charts 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 LONGI 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 .
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.
