Sbinanalysis
SBIN Chart AnalysisProbably 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
Sbin Short 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBIN LONGI 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
What will happen with SBI?
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;
So we see that Wave B has retraced Wave A by more than 100% which confirms the Correction structure that is forming is a Downward Flat correction structure; therefore Wave C will be a 5 Wave downward Impulse;
So we are having a 5 Wave downward Impulse where Waves 1, 2, 3 are complete and Wave 4 is onn; we will verify in the Lower Degree what structure is forming in Wave 4; After Wave 4 ends we will have one more downward Impulse in Lower Degree which will be Wave 5 and hence will complete Wave 1 of the Downward Impulse; then Wave 2 in Upward direction;
This is a good short Trade will give the Put Price when the Upward ABC structure completes;
SBI DAILY CHARTAs evident from the trend line the stock is at odd levels any breakout over the levels will lead to higher lows while breakdown may lead to sharp fall.
SBIN ENTER LONG 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Sbin Short 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBIN entering a consolidation zoneSBIN is entering a historically tested consolidation zone(marked by blue flags). Expect sideways movement for few days before seeing a breakout or breakdown to initiate long or short.
SBIN Looking Good Above 208There is a strong Demand Zone @ 208-210. If it will manage to hold this demand zone then it may est its next Supply Zones 225 and 230.
SBIN - Looking strongSBIN is trading above the 50 days moving average and the price is expected to move above the 144 days moving average on Monday 31 Aug.
Most awaited breakout- SBINFinally we got the most awaited breakout in SBI . As per the measured move & the channel's upper range , the stock will keep moving on !
SBI Skewed Triangle 4th Elliot WaveStock currently in upward trend and may break upside.
Wave 4 has formed skewed triangle and about complete final Internal Wave E.
Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough.
Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive)
Notable resistance 212 non risky can wait for break and close above this.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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STATE BANK OF INDIA BREAKOUTSTATE BANK OF INDIA (SBIN) has breakout of range consolidation, Stock today on August 2020 breakout of Rising Wedge patter as marked on the chart. We can see levels upto 248- 250 in the next 2-4 months. One can Go long with the stoploss below 188 on Weekly closing basis.
SBIN LONG ON BREAKOUT 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBIN continues making HIGHER LOWs NSE:SBIN is still making higher lows within INR200.00 range for the last few months. This is with reference to my post on Aug 5th when first suggesting that SBIN has been making higher lows and the time frame rapidly reducing for the swings.
Breakout can be expected once it crosses the sentimental INR204.00 range.
