Sbinanalysis
Rounding bottomBullish momentum with rounding bottom looks convincing this time will take stock to the 500 levels soon
SBIN Chart analysisiSBIN Chart analysis.
trade with caution. Use appropriate position sizing and risk management.
Levels for - 13 Sep 2021EXPLANATION : This is a 15 Min time frame chart of SBIN . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If gIve a strong breakout and broke its supply zone with volumes and retested the same , I am bullish on SBIN .
SBIN ON DAILY TIME FRAMESBIN IS SHOWING HEAD AND SHOULDR CHART PATTERN ON DAILY TIME FRAME. AND AS WE KNOW HEAD AND SHOULDER IS A SIGN OF BEARISH. SO SELLING CAN BE SEEN.
We can keep an eye on SBIN. Though it has consolidated between those horizontal lines. both side target can be achieved.
SBI Target 470SBI following ascending triangular pattern may rise upto 470 by last week of September 2021.
TARGET HIT SBIN!!We have hit our targets in sbin in just 2 days🙌
You can continue the trade with a trailing stoploss and it still has very good upside potential !!
SBIN SWING TRADEAfter a long streak of downfall, SBIN has finally taken recovery from an important support . After breaking an important resistance SBIN can become a beautiful short covering trade. This is a swing trade and not an intraday trade. SBIN could continue its up move even after the 3rd target and could be chased further by trailing stoploss. The immediate stoploss after entry should be maintained at the 50 ema .
Breakout of Falling Wedge - Price ActionKeep a watch on RSI and MACD levels, and as long as the price sustains above white trend resistance, upside movement is expected. It will also confirm a Double Bottom pattern which can alleviate price to good upside levels.
📊 #sbin 🎯NSE:SBIN
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SBIN LOOKING GOOD TO BUYThe stock is looking good to buy above 433 for the marked targets on the chart until the red line is intact on the downside.
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Happy Trading!
InvestPro India Team
SBI good SHORT candidateSBI spot cmp 465
Elliot wave study
Time frame :- Daily
Major impulse phase and minor impulse phase of major wave 5 have matured around this levels,, dual bearish divergence in RSI indicate the trend is about to mature,, reversal in trend possible around this levels,,
Keep watch can reverse by 10 to 15% from current levels
Good short candidate
SBIN Cup and Handle Pattern, Two Fib sequences merging, Long SBIN has been consolidating for past two months, and has formed a Cup and Handle pattern (take a look at the chart). Also it has been following a trendline, shown in the chart, currently trading near this trendline. Testing Fib level 1.618 of two distinct trends of past. Interestingly, the height of cup & handle pattern coincides with one of the Fib level (shown in the chart). Looks good for a long journey. Everything else is self explanatory, look at the chart.
All events are merging and I guess SBI is looking for a trigger to reach 550 target. Can the Q1 2021 result prove to be that trigger ? Technically, long trade is sound for target up to 550. Long above 446, Stop Loss 405.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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SBIN IN CRUICIAL LEVELSBIN IN GOOD SUPPORT LEVEL- Will get a long opportunity if it reversal, breakdown target also mentioned in chart.
SBIN Bullish Trend Alert Hello Traders,
This is Muthu
Following are my analysis:
SBIN
1. cup and handle pattern and inside flug pattern formed price movemetum
2 that is break out and healthy retracemmt done ,
3. right good entry u can expert target zone .
