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Sbinlong

SBIN: Impulsive Wave 5 has Already BegunSBI 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 1.618%. Wave 4 was a choppy move as a triangle. As the price has crossed the 1.00 Fibonacci retracement, safe traders should wave for a pullback. If the price sustains above 442 , traders can trade above the following targets: 555 - 566 - 575+ . Invalidation: The 540 level was strong resistance, but now it is a crucial level. Failure of stability will deactivate this setup. Please note that we can't trade without proper risk management. The absence of risk management can wipe out your whole account. I will update further information soon. :)
NSE:SBINLong
by forextidings
SBINWait 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 pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:SBINLong
by Rvkachhadiya
SBI Long TradeSBIN has completed A-B-C Correction and new impluse may start. There are divergences seen in RSI which indicated seller are losing strengths. There was also short covering in October futures which is also buy signal as people who were short in SBIN are booking there profits and buyer making new buying position. Traders are requested to do their own analysis and please put comment. Please give like and follow my Channel for more ideas and educative information.
NSE:SBINLong
by Darshan_Panchal
SBINWait 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 pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:SBINLong
by Rvkachhadiya
1
SBIN may give a break out of the consolidation zone.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 out can give a nice movement. Support :- 509, 490 Resistance :- 543, 580(monthly fib level) Only go for a bullish trade if the stock closes above 543 on the daily time frame. Intraday and swing trades can be initiated in the stock.
NSE:SBIN
by TheMamboMomentum
Keep and eye on SBI!SBIN is testing it's resistance for the third time and there is a high probability that it can give a breakout this time. BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through. 3 scenarios are possible; Scenario 1 Breakout in the range of 543 and move upside to the range of 577-585, This can be the first Target. Scenario 2 Breakout in the range of 543 and test this range as support before giving an up move. Scenario 3 In case the stock fails to give a breakout, the immediate support would be 520. If it takes this support, further up move can be expected after a bit of consolidation. Please perform your due diligence before taking any trade and set a stop loss according to your risk appetite. Happy Trading :)
NSE:SBINLong
by Naren_Abbaraju
5
#sbin at harmonic supportNSE:SBIN given a good bounce from harmonic level in intraday for swing trade we need more conformation. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone)... ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:SBINLong
by linesandlevels
2