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Sbinanalysis

SBI Bank Channel Breakout and Bullish Flag PatternDetails: Asset: State Bank of India (SBI) Pattern: Channel breakout and Bullish Flag Breakout Level: Above 800 Potential Targets: Projection based on channel width or flagpole height, or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: State Bank of India (SBI) is exhibiting a channel breakout above the 800 level, indicating a potential shift in sentiment. Additionally, the price action resembles a bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a period of consolidation in the shape of a flag. The breakout above 800 suggests the possibility of a significant upmove, considering the bullish pattern formation. Possibilities: Bullish Momentum: The channel breakout and bullish flag pattern suggest the presence of bullish momentum in SBI. Projection Targets: Potential upside targets can be estimated by measuring the width of the channel or the height of the flagpole and extrapolating it from the breakout point. Confirmation: Confirmation of the breakout and pattern validity with sustained trading volume would provide further conviction for the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. As always, it's important to conduct thorough analysis and consider risk management strategies before initiating any trades or investments.
NSE:SBINLong
by CyborgTradingHub
SBI Analysis!! Will SBI move as per Double Bottom(W)Pattern??SBI Daily Analysis Double Bottom Pattern Formation in SBI SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of projected profit. Will se what happens? Entry = Above 568 Target = 1) 605.85 2) 649.85 Stop Loss = Below 554.90 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
NSE:SBINLong
by Avinash9087
Bullish move on SBIN charts (08/01/24). SBIN is trading around the highs and if forming a bullish flag and pole pattern. For last 3 weeks it is holding on to the higher levels. A nice bullish trade can be capture for a 10-12% move in near future. A nice move it has already given and it can touch another milestone of 700 in this quater. Break out can provide a nice up move in the stock. Positional trades in the stock and derivative can be initiated. Fundamentally the stock is good. A nifty50 stock is always good for investment purpose. Major levels are 660 & 700 on the higher side and support is around 620 levels. Wait for the break out to trade. In case of a break down avoid a trades as the lower side R:R is not suitable.
NSE:SBIN
by TheMamboMomentum
2
SBI BANK: Running Triangle formationStock has already concluded it's running triangle structure at Oct'23 low of 543 and currently rising in an impulsive manner after the breakout. The measured target for this structure is coming in the region of 790-800 zone. Hence, stock is likely to hold above INR 600 on any weakness and extend it's gains towards INR 790-800 in the coming weeks. A sustained closed below 600 will negate this structure and force us to evaluate other possibilities.
NSE:SBINLong
by TradingSutra
SBIN Swing for 30 days**Technical Analysis for State Bank of India (SBIN):** **Stock Symbol:** SBIN **Timeframe:** 1-Day (1D) **Pattern:** Bullish Pennant **Entry Condition:** If the 1-day candle closes above ₹653. **Stop Loss:** Set a stop-loss at ₹631 to manage potential risks. **Target Prices:** 1. First Target: ₹700 2. Second Target: ₹720 **Trade Duration:** Short-term swing trade with an expected target completion within a month. **Disclaimer:** The provided analysis is based on technical indicators and patterns observed in the market. Trading in stocks involves risks, and past performance is not indicative of future results. It is important to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. The mentioned entry and exit points are suggestions and not guaranteed outcomes. The market is subject to change, and unforeseen events may impact stock prices. The user is solely responsible for their investment decisions.
NSE:SBINLong
by hunterhunt777
SBIN - Breakout with Gap. Can this be a Run-away gap ?The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SBINLong
by TradewithAditya
SBI: Head & ShoulderStock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
NSE:SBINShort
by TradingSutra
2
Evening star in SBIN, can it take stock lower?SBIN has given a fall of 7% in this week after forming a double top pattern. An evening star pattern has been formed on the weekly time frame and stock has closed below the 20 ema. After trading around the ATH stock has given a nice fall and in the last trading session too it has given 3% fall. Volume indicator also confirms the pattern as the volume of the red candle is higher than the doji candle formed previously. A short trade can be initiated in the stock once it starts trading below today's week low. The stock can test 550 levels so as there are high chances of froming lower lows lower highs. The stock may take a halt candle on the daily charts, as it has formed 4 red candle and is trading between both the moving averages. If the stock retest higher levels before giving another bearish leg, sell positions can be created once there is a negative candle formation near golden ratio of fibonacci series. Entry :- Below 571, On bearish candle around 600 levels. Targets :-555, 505 Stop losses should be created on 1:2 or 1:3 basis. Positional trades can be initiated in the stock as it may take time to test the levels. Next expiry future or options can be sold as August expiry option will take profit due to time decay. Wait for the price action near the levels before entering the market.
NSE:SBINShort
by TheMamboMomentum