Sbinanalysis
SBI going towards 385?I have shared the idea to buy SBI Bank near 358 and it made the low of 357.25, we saw a great bounce and our TradePro subscribers booked great profit in this trade. Now if it sustains above Friday's high we may see 385 odd levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SBI Run Away Gap UpDespite the stock was having food momentum, buyer support and volume, I have been staying away from SBI since 30 points run away gap up was formed after the budget event. The huge run away gap up of 30 points to be filled soon. the demand zone for short and long term still remains at 320-350 range.
Sell SBIN, Head and shoulder pattern and gap fill chanceAll the levels are mentioned in the chart.
Sell if it closes 15 min candle below the support area for targets of 373. Again at 373 there is support so if it reverses than close the trade and if it breaks 373 level than again sell for the targets of around 357.
Sell futures and Buy ITM puts or write calls as per your comfort.
Please comment if you have any doubts
SBI Important Levels SBIBANK consolidated between 390-400 before breaking out and reaching 52 week high of 427.7.
390 is a major support zone followed by 400 being a support and short-term resistance zone and after breaking 400, 405 serves as a resistance zone.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views and suggestions, I am still learning.
SBI OVERBOUGHT ?? That's what charts say.Hi , thanks for stopping by at the analysis.
We started off with the Weekly time frame where we marked the important key support and resistance levels, as we all know that SBI has broken its all-time high recently. But there's a pattern which we can see previously as well after drawing the counter trendlines. Also on RSI the mark is above 80 now which means profit booking may start anytime soon.
Any comments will be really helpful which are not in-line with my thought :P