forming zig-zag where Wave B retraced from 68% of Wave A. wave can retrace upto 50% but 38 % is 230. so for we can buy it @ cmp for target 230. and then it will move for wave 5.
For today we will look to: Sell below 189.5 T1: 185 SL: 191 RR: 1:3
Since Starting of year 2009, SBIN trading in broader range of 350-150. In this zone it has created 3 Major Levels 1) Support Level 2) Middle Level 3) Resistance Level 1) Support Level: Journey started from July 2009 when SBIN took support at its previous Swing High of 150 Zone. After that it became such an important level where it works as Support for another...
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...
NSE:SBIN is currently in uptrend and trying to penetrate the supply zone upward, if succeed then more upside.
I have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave. There are two scenarios if it crosses 61.8% , C will be around 205 , and if it does not crossover the retracement level...
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...
enter around 200-203 for target of trendline break(daily time frame) on closing basis
Wyckoff Market Analysis 140-160 accumulation range than stock move up 325-350 - distribution range than stock move down 100 - reaccumulation range 390+ redistribution range above 380+ market make new theory bt now followed by Wyckoff Market Analysis
Rejecting from Day resistance. Formed a Hr pattern, had breakout the Hr pattern, expecting retest & fall again till the target.
Reasons:- 1.Daily chart heavy rejection. 2.this candle may be an retest 3. 200 being an psychological resistance Caution :- The price is still above 200 EMA I.e. its still in Bullish phase. This is my point of view, lets hope for the best.
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...
SBI 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
Day rejection. Price in hourly support. Once hourly support breaks, short till target.