SBI has formed Double Bottom Pattern and started to gave a breakout from 568 as that was resistance line. Based on the pattern target can be set as 625-630.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
NSE:SBIN SBIN is showing bullish reversal sign and can achieve 560 level zone easily in coming weeks with buy on deeps strategy (only in new high new low formation) .
current resistance for sbin is at 533/532 zone, above that 540 /538 is the next resistance zone,
best entry will be when sbin hits 540/538 res zone and retests previous resitance of 433/532 and...
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...
#SBI : VCP Breakout
Positional Call (1-3 months minimum)
>> Entry at cmp or at retracement till safe entry levelz
>> Good Volume Buildup
>> Good strength in Stock
>> Swing Traders can book profits at 5-10% or keep trailing
Trgts : It will test the Previous Swing highs
Keep Liking & sharing for more such Learning
SBI Daily Analysis
Double Bottom Pattern Formation in SBI
SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of...
NSE:SBIN is at great support and has potential for a bull market as NSE:BANKNIFTY is also down.
I have been following this stock and on 22nd Feb around 50% of the volume was taken delivery as per NSE data.
This means people are buying NSE:SBIN .
Being a Passive Investor I usually sell put options because if situation goes against my trade I can still buy the...
SBIN chart on 1 hours moving average crossover- bullish sign mid term.
if break 526 level and hold then go upward. level draw in chart.
I am not recommendation buy or sell.. those level only educational purpose.
SBIN has declared highest quarterly profit ever. So i recommend one yo buy sbin at 544 and accumulate st 520 and 500 with a stoploss 490 and target 570 600 and 620
The FASP for SBIN is listed for 11-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
This analysis is in Daily timeframe Tomorrow if you see a Bullish breakout you can activate the swing,
then you can activate your swing, after that bring your stop-loss to cost and continue your trade...
This analysis is in 15 minutes timeframe, on Monday if you see any side breakout you can activate the swing,
or try to take a " 1:2 " risk ratio at the start and
then you can activate your swing after that bring your stop loss to cost and continue your trade...
SBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA.
At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of ...
Very good sets of results.
The counter has been in uptrend from quite some time... almost from 525-528 levels.
Expecting profit booking at higher levels..
Have marked some trading levels....
585 being the make or break level.
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SBIN looking Good and Bullish.
If it breaks 590 level and sustains then
we can look for this targets
600/620/640/660/680/700
In the coming sessions.
SBIN Quarterly Results came with Good Profits.
SBI looks to step out of the consolidation zone after forming a double bottom pattern.
Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock.
Always define your stop loss between 5-8% if your trade fails.
Do read my previous analysis on State Bank here..
