Sbinanalysis
Continuous Series of Lower Waist in SBINSBIN is creating a continuous series of the lower waist in a daily Kagi chart started from 5th Feb indicating a bearish sign. But at the same time creating a very strong double bottom pattern at 151.80 levels. At this point fresh entry on any side should be avoided. The trader who is in a short position should hold the position with stop loss at 184.25. Traders who want to long their position should wait patiently and watch out the price action at this level. Because in case if it breaks this level then we have all the probabilities to see 2 digit price. So long traders should wait.
NSE:SBIN
THOSE IN INTERESTED IN BOTTOM FISHING CAN SEE SBI IN COMING DAYSHi Investors,
I have seen in my career, many people interested in bottom fishing but unable to do so. Either end with deep losses or Stuck in that scrip. In fact everybody wants to buy low and sell high. But do not know what price structure is saying , without knowledge gets stuck in stock. Many SEBI registered panelist on air says it is impossible to find bottom. I do agree with them but depth in analysis makes it easy for anybody. Here I try to show bottom of sbi and future move target with expected time.
2. See Sbi is in last leg of spring test then will enter in change of atmospheric phase , That will take to projected price target in next two months may be earlier. If you see the fig .I made a red channel there after a green box at the end of this downward sloping channel.This box is the right place to make sbi bottom. If in coming days sbi make bottom then my future projection will be confirmed. In next two months you will see price moving to green dotted line as my target for sbi. When you find this manifestation of move is correct do come to like and comment on this post. Stock market is game of correct manifestation As i do in my daily trading in Bnf & nifty that is available for your consideration on record at trading view as my ideas. Can check my strike rates yourself. I can be wrong any day anytime but like to maintain my strike rate. Rest sbi price will decide .
YOGESH VATS
Time to buy SBIN?Falling wedge in SBIN and PSU index is also showing a falling wedge. Buy only above 165. Target 220-240
SBIN 1h. If price comes at 166.30then looking for a swing long is a good all I can see otherwise Sbin still a dump.
Reasons:
1. Price following through a bearish parallel channel.
2. Everything looks bearish till price 166.30
3. Sbin dumping
Trade Setup for SBIN - Bearish1 Hour TF : Sbin is trading inside a Channel
1 Day TF : Desceding / Bearish Flag Pattern
Breakdown from the Bottom Trend line is expected.
SBIN longsbin stock is almost moving in a strong support area .sbin can show upside move in ypcoming trading days, wait for proper rejection from support line .incase sbin break the support line in downside it can show major fall .
Trading Idea Short- SBI (State Bank of India)Trading in Symmetrical triangle pattern, Seems to be breakdown soon.
Sell SBI below 178
SL- 190
T- 160
SBI STAY SHORTSBI IN DOWNTREND STAY SHORT BELOW 184
SL 188
TARGET 178/174/170++
BUY IF CROSSES 190.50
SL 184
TARGET 198/203
SBIN is must buyWell look at the chart & see that it's pretty clear that at around 248 the RSI indicator almost touched 30 but then at 259 the rsi went down till 26. So a clear indication that people are bullish about this. we can buy at around 270 for a Rs. 40/- target to Rs. 310/-.
SBI SHORT IDEAFIRST LET IT CLOSE BELOW 328 IN 15 MINUTE CANDLE ON CLOSING BASIS TARGET IS GIVEN WITH ARROW ALSO THERE IS A GAP AT 306.50 IT WILL SOME DAY BE FILLED AND MOVING AVERAGE IS STOP LOSS ON CANDLE CLOSING BASIS GOOD LUCK
NOTE: TRADE AT OWN RISK PROFIT YOURS LOSS YOURS :)
SBIN :- Do U believe breakout?SBIN :- Do U believe breakout?
Plan A : If retest Done
Target 308 & 333
Plan A : If retest Fail
Target 277 & 263
