The chart of the State Bank of India is making higher highs and higher lows for a year now and recently we can observe an inverted head and shoulders pattern, yet closing above Rs 537.55 with good volumes will give a potential buy chance for swing position. Recently we have seen a rally in PSU banks like CAN Bank, BOB Bank, PNB Bank thus this also becomes a...
It's a perfect cup & handle formation as per William O'Neil's definition.
Here I have taken a weekly chart and tried to simplify the formation. The explanations are marked in the chart.
Also, keep in mind the overall trend of the stock, here it should be in upward trend :-)
Ideal buy point is near the handle pivot.
Always keep a strict stop loss of...
SBIN is near its support of 502 and is respecting it.
On 4 hour time frame, the stock has give a doji and a hammer candle.
Once an hourly candle closes above 505, it can go upto a level of 515-518.
Wait for the levels to be sustain. 1-2% upside move will be there.
SBIN NSE:SBIN
SBI Analysis and given level.
It is making a bear flag pattern in 15 min chart.
trade above 512 and make upper target
or
Short below 510 and take down targets
Trade accordingly and make sure of STOPLOSS.
THANK YOU
HAPPY TRADING
Consolidation scares this stock's shareholders. But gave amazing returns for the patient share holders. now its at ATH there are higher chances of a pullback so, don't hurry and buy, just wait and add this to your radar
State Bank Of India shows some power after correction SBI already gives breakout now it is a time to re-test, after re-test over entry price will be 460,470 and target will be 535,540 and stop loss is 438.
SBIN has given a good breakout & run on daily timeframe, I expect some more points.
It has given an ascending triangle breakout on 15 min timeframe and also did the retest.
Buy above - 493
Targets mentioned in the chart above.
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Immediate Support at 506
Currently SBI has given a rally since its recent drop to 442 mark.
If you bought at 450 levels can book profit today and enter short position for a garget of 470-464 with a stop loss of 506.
Sell Today
SL 506
TGT 470-464-458
When it comes to SBIN, the stock is still in good uptrend. Last day market closed near 460 & likely to reach 464 soon. Though it is not a good idea to take the position right now since price is too far from previous support area and it is also expensive now. I think you might get a good pull back to get in. You could use the support area to get in when price...
* For Learning Puropose Only | Trade On Your Own Risk , am not responsible for your profti or Loss *
Today Got levels in SBIN , as MArket was Buliish from morning after gapdown
Took a strong support from the cover fall trend line from where it bounces multiple time, so this time also we are expecting some bounce that may lead to hit ATM again...
Hi Traders, Here is a detailed analysis on SBIN which has been following Elliott Wave Correction Theory, on 1h, We are currently experiencing Wave B and we have to enter at the beginning of Wave C i.e. near 480 levels. Pls refer to the above chart to notice characteristics of each wave. Also SBIN has been following a strong uptrend, we can see it is taking support...
Important Levels................................................................................................................................................................................................................
