Note: This is for educational purpose only. Not a perfect one but seems like a formation of INHS (Inverse Head & Shoulder) chart patter. RSI is above 50 which indicates bullish momentum. There is an increase in buying volume in last 3 sessions.
SBI Bank double bottom formed , chances are high to see upside movements in comings day.
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...
Expecting a strong reversal in SBIN and it will touch the strong retracement level of 163 within 2 days, and can go further until 160.3 of 50% retracement. Wait and watch...
Hi 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...
Falling wedge in SBIN and PSU index is also showing a falling wedge. Buy only above 165. Target 220-240
1 Hour TF : Sbin is trading inside a Channel 1 Day TF : Desceding / Bearish Flag Pattern Breakdown from the Bottom Trend line is expected.
Well look at the chart & see that it's pretty clear that at around 248 the RSI indicator almost touched 30 but then at 259 the rsi went down till 26. So a clear indication that people are bullish about this. we can buy at around 270 for a Rs. 40/- target to Rs. 310/-.
SBIN Test Supplyzone Keep Watch retest If Fail Don't Enter Target 316-310
SBIN :- Do U believe breakout? Plan A : If retest Done Target 308 & 333 Plan A : If retest Fail Target 277 & 263
Completing a brief pull back for prior fall, SBIN appears to have resumed bear trend. Previous low at 354 is taken down with a strong momentum; advantage bears. With over all market in risk off mood a recovery anytime is less likely, which means we could see further fall from current levels. Support levels are seen at 348, 342 (Fib level) and 336. (Disclaimer:...