Hello Traders !
SBIN currently change in structure observed from the new move.
Started creating HH pattern with increasing volume.
About to Break ATH levels & for a Trending Move ahead.
Education purpose only.
Thanks
Prince
Hello Traders !
SBIN currently change in structure observed from the new move.
Started creating HH pattern with increasing volume.
About to Break ATH levels & for a Trending Move ahead.
Education purpose only.
Thanks
Prince
Hello Traders ,
Am small Magical boy has the Power to move further with the trend continuation.
Last week update we have Recognise a patter forming thats rising wedge pattern & SBIN able to recover it close above trendline.
Candlestick indicates THE BULLISH HARAMI , a strong trend further is Evolving in mothers womb.
RSI indicates super bullish bias as it...
SBIN holding the trend line from Last Few Months.
The Panic breakout is of trendline has been Recovered & It looks good Above 850 Levels.
Having a Bullish bias right now Because all higher Timeframe indicates Bullishness.
Wait for the Move Confirmation.
HAPPY TRADING
SBIN is Crrently not good at Levels to plan Entries.
A Rising wedge pattern is Recognised on WEEKLY TIMEFRAME. More dips to come soon.
As it did not break above The 3rd june Pqnic High.
A regular Bearish divergence on RSI to be found with the pattern.
MONTHLY RSI > 60
WEEKLY RSI > 60.
DAILY RSI < 60.
Will sit back & regognise the pattern formations....
SBIN, was consolidating since 2022 and now it has given a strong breakout and also retested the breakout levels and bounced back which shows a strength in the momentum...
trend looking good and sustainable....
Views are just for the education purpose only....
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...
Stock has given a failure breakout of H&S pattern. This suggests that stock is likely to move higher towards 675 in the coming days. Buy on CMP, add on dips , keeping SL of 575, look for the tgt of 645/675
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...
SBIN has made breakout of 565 levels and made a close above it.
RSI is above 60 levels and banking sector has outperform nifty with help of this stocks.
SBIN has its earning release on 30th may.
Stock has retested levels of 565 and taken support at that levels which means SBIN is not likely to go below 565 levels.
SBIN has next resistance 595 levels where we...
Stock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will...
Sbi Study : Cmp 531
Last 3 Weeks Lowest Closing.
All The Technical Parameters Super Negative On D + W Charts.
Immediate Super Strong Resistance At 565 ( Day Closing Basis )
No Major Up-move Expected Until Give Weekly Close Above 605
Sell On Rise With SL Of 565 ( Day Closing Basis )
State Bank Of India One Day Chart Analysis For Investing and Trading
SBI Just Break Support Zone on One Day Chart - ( 540 - 550 )
If Breadown will Continue then Down Side Targets are Given Below
First Target - 502
Second Target - 480
Third Target - 433
NIFTY50 and BANKNIFTY ...
