Sbinanalysis
SHORT SBINI 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 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.
Short SbinI 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 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.
SBI Card at Resistance of IPO PriceSBI card is at resistance levels of IPO price 755. Many investors are holding it at an IPO price of 755 and they are waiting to book profit. Hence SBI card many face sell-off pressure from its previous high of 769. Do watch out for price action before taking the trade.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Long SBINI 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 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 LONGI 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 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.
SEE HOW I INFORMED ABOUT EARLY BOTTOM OF SBI ON 5TH JUNE 2020 Hi traders/ Investors,
1, On the 5th June 2020 my post title was " SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW?"
In point 2 I mentioned is quoting as the proof on my wording shared on the same day "Traders I made one red dotted line til price do not take this out, no shorts buy on the dip is a good strategy for this stock. In the coming days, the second target will be achieved."
. You can see I marked two dips In the green circle proving my manifestation almost one month ago. In between every week, I updated how to trade this stock with the perfect marking of support and resistance and excellent conditions. Those who are my regular followers, they all know my accuracy of manifestations of move before real movement of the stock price. Authentication of my statements with proof are for new readers and for egoist trollers. In every post, I write this rather than writing baseless and illogical words. better to take my advice you will also start earning.
2. Traders I made a pink line if this is taken out on both time frames then the price could drift to the green dotted line. I will cover my longs when 15 min condition is satisfied. In case 1 hour is not satisfied then I will find buying setup on a 1-hour time frame for again longs.
3. Below the green dotted line, there is no direction zone. so I will not trade in this area. For new readers, I write taken out conditions so that you could understand it well. In my all post and analysis this is the topmost condition to comprehend. "Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
4. To better understands my previous statement setting the 5th June chart below. Compare it with the current above you will see the real picture of my analysis.
The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
SBI WILL BE IN RANGE FOR COMING DAYS SEE HOW ?Hi Traders & Investors,
In my last post of this stock what I mentioned is quoting for your consideration " " those who want to enter long they should consider a red dotted line as sl and get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but the price did not even come closer to the red dotted line. Today it breached green dotted line but not taken out. Now the scenario is little different Those who are long can belong till the pink solid line is taken out on 30 min timeframe. And those who want fresh entry in the long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. " . You can see the price fulfilled the condition for long side trades. And the price reached near red upper line. Those who remained long would have earned good profit in this positional long trade. Investors this stock is in the accumulation stage If you get near blue and pink zone on lower side can add in the portfolio for at least one year how will get 300 level till that time.
Trade for next week.
1. See I circle a bearish engulfing pattern in green. This is a bearish pattern which gives signal who are positional long should cover their positions.
Since it is not activated till yet so one should wait to go short once activated. In fact, if the price close below the big bearish candle low on a closing basis then the pattern will get activated.
2. Green dotted support zone can provide support so that pattern becomes invalid. If that happens then one should take long with the stop loss of lower band of the green dotted zone with the target of the upper red zone.
3. On the contrary short side, trade is very tricky I will not suggest shorting this stock because the risk-reward ratio will not be matched. The blue lower end will be the target in the coming days if yellow trend line is taken out on 4hr time frame. As the stock is going in range-bound trade by satisfying lower conditions . so trapping will be seen both sides. No chances of good reward until you book quickly.
4. last but not least upper red zone is taken out in 4 hr time frame then uptrend will resume. So trading in this stock will be difficult in the short side except for one two days. For your better understanding see fig below of the last update and compare it with the current one.
The rest market will decide. YOGESH VATS
Disclaimer:- All positions should be taken with consultation from your financial adviser. This work is for educational purposes.
SBI Important levels SBIN tried too cross 200 level many times in past few months and fails, again it is near 200 level , therefore I consider this as important zone. however if it give close above 200 , new level will open for SBI.
NEWS : Since news are bit positive for the short term for banks it may surely touch the 200.
REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART-1RELAINCE INDUSTRIES
In last post I gave two dotted lines one red and second yellow. What i mentioned quoting '" IF red dotted line is taken out on smaller time frame of 1 hr then then you will see rally to red line in coming days." you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. If tomorrow it fulfill this taken out condition then see rally . on the contrary yellow dotted line is taken out the this scrip can be range bound. bullish engulfing pattern is activated now.
SBIN
In last post I mentioned is quoting " those who want to enter long they should consider red dotted line as sl and get get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but price did not even come closer to red dotted line. Today it breached green dotted line but not taken out. Now scenario is little different Those who are long can be long till pink sloid line is taken out on 30 min timeframe. And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. Those who are not aware of taken out condition they can see attachment where I discussed in detail.
HDFC BANK
In last post I mentioned is quoting " now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs tome frame.only then reverse sentiments will apply."
You can see I was taking of week structure of hdfc as compare to Icici bank because of an evening star pattern and told you the condition for discontinue the effect seeing to down side for last couple of days by fulfilling the condition of blue line. But two days trading after my post the effect of an evening star is neutralize by the bullish harami which I circled in white. And today candle activated it for long side. Now long can be initiated with the sl of red dotted down side line slightly below it. Because blue upper line condition I mentioned in last post is not fulfilled. So I suggested this sort of sl with the target of red channel upper band. Rest market will decide.
YOGESH VATS
Note. To better understand compare with my previous post of these scrip. All trading positions should be initiated by consulting your financial planner.