Stock is forming an inverse Head & Shoulder pattern . Breakout above 200 & sustaining the neckline will lead the prices to the target of 240-245 zone .
SBIBANK Breakout , if sustain between 189-184 price level we can see a good movement on upside. Targets are 195/198/200. Invalid below 184.
currently, the share is at an important Fibonacci level (78.6% from the top, 188.5) which will act as support and immediate resistance level is at 198. once it crosses then long target is around 255. before that, it also had to cross important resistance at 100Dema and 200Dema. for the level below the current price, it will take support around 178 and then around...
Sbi is retracing back from a pull back, support and resistances are drawn, place your targets and stop losses accordingly.
Levels on chart. Long above 189.8 for 196 with SL at 186.5 Observe Stochastic levels with previous rebounds for confidence Keep a track on Bank Nifty levels - refer linked idea (1.0) for correlations
As per the 50SMA(Simple Moving Average) SBIN trend Analysis is moving UPTREND. For Education purpose only.
State Bank of India – CMP - ₹186.25 Dt. – 16-07-2020 The stock has broken the support trendline on 15-07-2020 as the stock was falling from 3 continuous sessions before closing in green on 16-07-2020. Purple line, now acting as a resistance line if stock start moving upward it can break purple line and can go up to ₹195.30. If moving down stock is expected to go...
Following a rangebound trade in 1 hr chart. Touched the lower trendline support today and expected to rise. Target: 204-205 in 2-3 weeks SL: 184.15 Above setup is valid only when Bank Nifty rise.
I hope you can now see how the 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...
Analysis is given on chart This is an educational post I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
SBIN : close above 197 will lead to 245 levels stop loss 178 target 245
178 needs to be protected at all costs ... bullish only above 203.
NSE:SBIN (FOR LEARNING PURPOSE ONLY) Price below 50mvwap On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60
Follow for latest updates Buy above 203 with stop loss of 190 Targets- 208, 210, 212
I hope you can now see how the 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...