Sbinanalysis
SBI cards | Very good consolidation for a BOTAKE the trade if it opens a little gap up or sideways and with more than avg volume it breaks the blue trend line + closes above the biggest wick that is near ... take the appropriate risk and rewards will be at least the top orange dot marked and possible upside can also be seen.
A breakdown or a gap down = leave the trade.
Happy trading :)
Don't take the trade if u don't feel well emotionally or mentally ...
SBI SHOWING RETRACEMENT AT 62%. BULLISHSBI is showing a retracement from the marked up level of Fibonacci retracement 62% (5/8).
You can make a target till 38% retracement 367 with 322 SL.
The stock will be positive if corona will not impact the market fear.
Gann numbers help to provide the Fibonacci chart (1,3,5,8,13,21....). Ratio of these number to each other forms 3/8 (37.5%), 4/8 (50%), 5/8 (62.5%).
education purpose.
Swing opportunity in State Bank Of India Monthly RSI- 60
Weekly RSI- 60
Daily RSI- 40
A strong breakout from a multi year channel. The price has come to the multi year resistance level which will most probably now act as a support forming a higher high, higher lows structure. As Bank Nifty recovers this stock will see new highs.
Target1- 420
Target2- 450
Time: 3-4 months(target can be achieved early too)
Has SBI Made a low around 345?The stock gave a breakout from the previous resistance zone which now becomes strong support. SBI has formed a hammer candle in that zone, let's see if the low, for now, has been created and we see upper levels or it breaks this range.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SBIN ON 15 MINS CHARTLooking at SBIN on 15 mins chart we can observe that, every time SBIN comes near the resistance, there a good selling with good volume. Same has happened today. We can see a good reversal , engulfing candle & good selling volume from same resistance level. Look for short opportunity once support of the trendline is broken.