Will wait for price action at 205-206. Bearish Wolfe wave and Bat pattern suggest good short around this zone.
THIS CHART GIVES YOU KNOWLEDGE ABOUT SBI BANK CHART ANALYSIS WITH SUPPORT AND RESISTANCE
The 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
All levels mentioned in the chart. How did I say this?.. ITS by fibonacci levels ,by head and shoulder pattern and by RSI
What 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...
Probably 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
it has given a breackout at its very strong registance so make a long postion of sbi it will go about 240 in upcoming sessions
Buy 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
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...
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...
We have a Leading Diagonal which makes Wave 1; We have a Type 1 Zigzag here and Wave 5 completes the Upward Impulse move and now will start the Correction; In correction we have Waves A; B and C This is Wave A. This completes Wave B Now we will check how much the Wave B has retraced into Wave A; that will tell us what will form in Wave C; ...
THIS CHART GIVES YOU KNOWLEDGE ABOUT SBI CHART ANALYSIS WITH SUPPORT AND RESISTANCE
SBIN is trading towards its trendline and if it breaks and sustains above RS.200 then it will be a good opportunity for a fresh buy. One can go long in SBIN Sep Fut with stop loss of 195.30.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisor. Risk it for the biscuit.