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...
State bank of india has taken a previous support in monthly chart
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...
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.
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/-.