higher 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
Wait 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...
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...
Wait 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...
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...
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...
#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! :-)
Support shown is a good price for long term collectors to add
also, if it gets breached, I would say wait for a decent % of correction before start averaging down
State bank of India On the Daily chart trading between Range of 430- 545 from last 2-3 months.
Currently Stock has hit the Higher side of the Range i.e. 545 and a Doji Candle formation followed by Bearish Engulfing candle Pattern formation is observed near Resistance levels. Also banking stocks looked to be over heated so there can be some correction in the...
#SBIN 's weekly Support and Resistance levels According to Gann price Square where SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
#SBIN's weekly Support and Resistance levels According to Gann price Square where #SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
#SBIN 's weekly Support and Resistance levels According to Gann price Square where SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
Clear and Classical Double Bottom Pattern Seen in SBI, Looking to Go Long on SBIN Future (@ CMP 487) For the Targets 520 And Stoploss below Swing low 475
SBIN 's weekly Support and Resistance levels According to Gann price Square where SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
Friend's, This Can be a best stock for Intraday players on 13-06-2022.As we can see that SBIN is looking good 😈 on DT frame. It is ready for Breakout.SBIN can be a jackpot intrared. We should definitely added to this our watchlist. It is also taking support on Trendline Chances are More on Bullish side. We can also expect very good more on bearish side. Trendline...
Downside gap is pending so definitely market has to full fill these gaps sooner or later.
Conditions applied:
If market goes below the intersection point of Trendline & Channel line which is @ 462.70 then we can go for short till gap was filled @ 449.2
NSE:SBIN
Observations:
1) On 1Week time frame, we can see it has formed kind of Head and shoulder pattern.
Please refer below chart : 1week time frame.
Immediate support is at 440 level.
Breakdown of 440 will invite more selling.
2) On 1hr time frame, it made rounding top pattern.
Please refer below chart : 1hr time frame. ...
![SBIN: Simple Trade Setup | SBI BANK [SBIN] | 16-06-2022 [INTRADAY]](https://s3.tradingview.com/g/g64dJuM7_mid.png "Simple Trade Setup | SBI BANK [SBIN] | 16-06-2022 [INTRADAY]")
