Short SbinI hope you can now see how the SBIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Sbinforecast
SBIN LONGI hope you can now see how the SBIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SEE HOW I INFORMED ABOUT EARLY BOTTOM OF SBI ON 5TH JUNE 2020 Hi traders/ Investors,
1, On the 5th June 2020 my post title was " SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW?"
In point 2 I mentioned is quoting as the proof on my wording shared on the same day "Traders I made one red dotted line til price do not take this out, no shorts buy on the dip is a good strategy for this stock. In the coming days, the second target will be achieved."
. You can see I marked two dips In the green circle proving my manifestation almost one month ago. In between every week, I updated how to trade this stock with the perfect marking of support and resistance and excellent conditions. Those who are my regular followers, they all know my accuracy of manifestations of move before real movement of the stock price. Authentication of my statements with proof are for new readers and for egoist trollers. In every post, I write this rather than writing baseless and illogical words. better to take my advice you will also start earning.
2. Traders I made a pink line if this is taken out on both time frames then the price could drift to the green dotted line. I will cover my longs when 15 min condition is satisfied. In case 1 hour is not satisfied then I will find buying setup on a 1-hour time frame for again longs.
3. Below the green dotted line, there is no direction zone. so I will not trade in this area. For new readers, I write taken out conditions so that you could understand it well. In my all post and analysis this is the topmost condition to comprehend. "Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
4. To better understands my previous statement setting the 5th June chart below. Compare it with the current above you will see the real picture of my analysis.
The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
SBI WILL BE IN RANGE FOR COMING DAYS SEE HOW ?Hi Traders & Investors,
In my last post of this stock what I mentioned is quoting for your consideration " " those who want to enter long they should consider a red dotted line as sl and get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but the price did not even come closer to the red dotted line. Today it breached green dotted line but not taken out. Now the scenario is little different Those who are long can belong till the pink solid line is taken out on 30 min timeframe. And those who want fresh entry in the long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. " . You can see the price fulfilled the condition for long side trades. And the price reached near red upper line. Those who remained long would have earned good profit in this positional long trade. Investors this stock is in the accumulation stage If you get near blue and pink zone on lower side can add in the portfolio for at least one year how will get 300 level till that time.
Trade for next week.
1. See I circle a bearish engulfing pattern in green. This is a bearish pattern which gives signal who are positional long should cover their positions.
Since it is not activated till yet so one should wait to go short once activated. In fact, if the price close below the big bearish candle low on a closing basis then the pattern will get activated.
2. Green dotted support zone can provide support so that pattern becomes invalid. If that happens then one should take long with the stop loss of lower band of the green dotted zone with the target of the upper red zone.
3. On the contrary short side, trade is very tricky I will not suggest shorting this stock because the risk-reward ratio will not be matched. The blue lower end will be the target in the coming days if yellow trend line is taken out on 4hr time frame. As the stock is going in range-bound trade by satisfying lower conditions . so trapping will be seen both sides. No chances of good reward until you book quickly.
4. last but not least upper red zone is taken out in 4 hr time frame then uptrend will resume. So trading in this stock will be difficult in the short side except for one two days. For your better understanding see fig below of the last update and compare it with the current one.
The rest market will decide. YOGESH VATS
Disclaimer:- All positions should be taken with consultation from your financial adviser. This work is for educational purposes.
SBI Important levels SBIN tried too cross 200 level many times in past few months and fails, again it is near 200 level , therefore I consider this as important zone. however if it give close above 200 , new level will open for SBI.
NEWS : Since news are bit positive for the short term for banks it may surely touch the 200.
SHOULD PULLBACK IN SBI BE USED TO BUY SEE & DECIDE !!Hi Traders/Investors,
Last week I mentioned in my post point no. 2 for your consideration " for investor this is right time to invest in this scrip. traders I made red dotted line til price do not take it out , no short buy on dips is good strategy for this stock. in coming days 2 nd target will be achieved." This is what I shared crystal clear. Though some traders bought on resistance out of aggression and then kept me posting that what should they do now position in loss. Dear traders when you can not control your emotions being shared trade when to enter i.e buy on dip . Did you get dip to enter . No you yourself put in this situation and wanting relief. Think over it can you get. This way you convert your losses into hope trades waiting red dotted line as a rescue level. If in any case is taken out then.... There is nothing sure in stock market. This language of trading is probability. Where a trader search a best probable trade. Not confirmed trade . This is highly ridiculous to think in this way. Even best probability trades need stop loss. No body in this universe expect taking entry is 100% sure about positive outcome. So change your perception about stock market.
Since Those who want to enter long they should consider red dotted line as sl and get long side positions til that red dotted line is breached with the 1st target of red solid line and if it is taken out then second target of blue zone. For new followers and readers there is difference between breached and taken out , That I have explained many time in my various post. Attaching post where you can understand in detail. But in daily case you have to see in daily candle with 4hrs candle. See I talked about breach of red dotted line means exit from long but trend will only change to down down side when taken out condition will be met.In case taken out is not met and price return into red dotted line again buy can be initiated generally this is the sign of rejection and maximum time we see rally in this situation. I think I have made all conditions crystal clear. If you again go wrong then My suggestion is to make your base for trading then come into this field. Investor can invest at this stage with 60% capacity. Rest market will decide.
YOGESH VATS
Note. All decision should be taken for investment and trading by consulting your consultant. I can be wrong any day any time.
THOSE IN INTERESTED IN BOTTOM FISHING CAN SEE SBI IN COMING DAYSHi Investors,
I have seen in my career, many people interested in bottom fishing but unable to do so. Either end with deep losses or Stuck in that scrip. In fact everybody wants to buy low and sell high. But do not know what price structure is saying , without knowledge gets stuck in stock. Many SEBI registered panelist on air says it is impossible to find bottom. I do agree with them but depth in analysis makes it easy for anybody. Here I try to show bottom of sbi and future move target with expected time.
2. See Sbi is in last leg of spring test then will enter in change of atmospheric phase , That will take to projected price target in next two months may be earlier. If you see the fig .I made a red channel there after a green box at the end of this downward sloping channel.This box is the right place to make sbi bottom. If in coming days sbi make bottom then my future projection will be confirmed. In next two months you will see price moving to green dotted line as my target for sbi. When you find this manifestation of move is correct do come to like and comment on this post. Stock market is game of correct manifestation As i do in my daily trading in Bnf & nifty that is available for your consideration on record at trading view as my ideas. Can check my strike rates yourself. I can be wrong any day anytime but like to maintain my strike rate. Rest sbi price will decide .
YOGESH VATS