READY TO JOIN THE PSU BANK PARTY (SBIN)Price is at All Time High
CMP: 625
Targets: 679
SL: 602 ( Very Short)
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell.
Sbinanalysis
SBIN: Impulsive Wave 5 has Already BegunSBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA.
At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of 1.618%.
Wave 4 was a choppy move as a triangle. As the price has crossed the 1.00 Fibonacci retracement, safe traders should wave for a pullback.
If the price sustains above 442 , traders can trade above the following targets: 555 - 566 - 575+ .
Invalidation: The 540 level was strong resistance, but now it is a crucial level. Failure of stability will deactivate this setup. Please note that we can't trade without proper risk management. The absence of risk management can wipe out your whole account.
I will update further information soon.
:)
SBI GO FOR HIGHER TARGET🌟HOLD FOR LONG 🤑
SBI Quaterly Result also too good🌟
and, when sustain on this level for few days
we can confirm about thee long run with sbi🌟
SBINVery good sets of results.
The counter has been in uptrend from quite some time... almost from 525-528 levels.
Expecting profit booking at higher levels..
Have marked some trading levels....
585 being the make or break level.
Like.. Share... follow
SBIN looking Good and Bullish.SBIN looking Good and Bullish.
If it breaks 590 level and sustains then
we can look for this targets
600/620/640/660/680/700
In the coming sessions.
SBIN Quarterly Results came with Good Profits.
State Bank of India (SBIN) looks good based on chart formationSBI looks to step out of the consolidation zone after forming a double bottom pattern.
Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock.
Always define your stop loss between 5-8% if your trade fails.
Do read my previous analysis on State Bank here..
SBIN looking Good and Bullish.SBIN looking Good and Bullish.
If it breaks 590 level and sustains then
we can look for this targets
600/620/640/660/680/700
In the coming sessions.
SBIN....Currently getting rejected @ trendline...
in all probability B/O inevitable...
trading levels marked....
SBIN LEVELS FOR MONDAY - 24-10-2022Important SBIN Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
What Type of Charts/Picks u want ?NSE:CANBK
Sharing levels on regular basis, keeps on my followers increasing and the messages too.
But when i see the boosting (LIkes) not able to see upto the mark.
Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ?
let me know your views....
Based on your replies will try to refine the picks or analysis as per need. Expecting promt reply if my charts were useful, else kindly ignore and check this chart too....
state bank of indiahigher high in price and lower high in rsi
lower low in rsi and not in price indicating weakness going forward
this the most technically bearish stock in nifty as of now
my first targets near 500
targets will update later
NSE:SBIN
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Is SBIN on a re-test zone ??State bank of India, A heavy weight PSU bank is showing strength, Yesterday we saw good selling pressure on this scrip but unfortunately sellers failed to push and buyers taking the price higher. If price sustains above 550 then possibly we can see a strong upmove in this stock. keep in radar
#note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor.
Thank You.
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SBIN Big Breakout SBIN Future Trading at All time Highs, After A huge consolidation finally Range breakout in the stock is seen. Stock has entered un charted Territory, And head towards 600-650 in the next 3-6 Months. We are bullish on the Stock on Short Term basis. And We are initiating Buy position in SBIN Future @ 555 With Stoploss of 530 For the Targets of 580-600 for Swing Trading i.e. September Series.
Long term Bullish view, Swing and Index trades for 9 September I daily make educational content videos on Financial markets
State Bank Of India (SBI)State Bank Of India (SBI)@breakout
State Bank Of India (SBI) strong breakout with volume break out and momentum created in day chart.
SBI bank breakout for long. so strong upside are coming. BUY above 540.80
NEXT TARGET 543.70,547.60,553.35. Time to go for long, get ready to catch the profit. Thank you.
Bullish on Banks with Logic for 5 September Markets I daily make educational content videos for financial markets.
SBIN may give a break out of the consolidation zone.SBIN has been trading in a zone and on the weekly time frame has closed near the resistance zone.
The stock has been trading above the weekly 20 ema and has given an bullish engulfing candle.
On the daily time frame, the stock has formed an inside candle.
If the stock breaks above the consolidation zone, nice targets can be achieved.
Higher time frame break out can give a nice movement.
Support :- 509, 490
Resistance :- 543, 580(monthly fib level)
Only go for a bullish trade if the stock closes above 543 on the daily time frame.
Intraday and swing trades can be initiated in the stock.
Time To Accumulate!#SBIN
508 to 549 is the range. Needs a Weekly Closing Below or above these levels respectively. I am with Bulls in this case. Let's make SBIN great again! :-)
2 Good trades and Index Logic ideas for 1 September I daily make educational content videos on financial markets
GO SHORT ON SBINSHORT ON SBIN
This is a short term trade
The stock is formed grave stone dojji o n a daily time frame
The first target is 508 and if it breaks the second target is 495.
Dow has fall more than 3% due to fed reaction.
This is for educational purpose.
Pole & Flag Pattern #SBINSBIN consolidating below resistance and forming a Pole & flag type pattern. Possibly we may see a strong momentum in SBIN. Keep in radar
