SBIN - A Perfect rounding bottom, break out and retestSBIN - A Perfect rounding bottom, break out and retest
Safe investors go Long above 365, risky investors can enter at CMP
SL - 320 on closing basis
Target 1 - 390
Target 2 - 420
Target 3 - 500
Sbinlong
SBI Near SupportSBI Bank is closed near lower blue line which is providing support, I am expecting it to take a bounce from this zone (325-320).
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Swing opportunity in State Bank Of India Monthly RSI- 60
Weekly RSI- 60
Daily RSI- 40
A strong breakout from a multi year channel. The price has come to the multi year resistance level which will most probably now act as a support forming a higher high, higher lows structure. As Bank Nifty recovers this stock will see new highs.
Target1- 420
Target2- 450
Time: 3-4 months(target can be achieved early too)
SBIN | Pre-Breakout(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout
Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Flag Pattern / Falling Wedge = Both Supported By Fibonacci Retracement (50%) & RSI Divergence (With Good Consolidation).
INTRADAY = Entry :- After Clear Breakout or Retest | Stop Loss :- What Suits You | Target's :- What Suits You
SWING = Entry :- After Clear Breakout or Retest | Stop Loss :- 347 | Target's :- What Suits You
POSITIONAL = Entry :- After Clear Breakout or Retest | Stop Loss :- 345 | Target's :- What Suits You
-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.
(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
FOLLOW 🤝 | LIKE 👍 | COMMENT ✍
-------------Any Suggestions--------------
SBIN BreakoutA nice consolidation after a long upmove.
Looks like SBI is ready for a big breakout again.
A kind of Symmetrical pattern formed in SBI on 1D timeframe with one side of the triangle being the 50 DEMA.
Can be crucial.
*For educational purpose only.
SBIN H&S Although the right should is complex one but this Head and shoulders has a volume confirmation to it. The triangle formation tells that it can move either way. The targets are indicated by the green horizontal support/resistance lines.
Note: Not a financial advice.
Bulling SBIN "SWING TRADE"[b ]TRAGET - 390 - 400- 415
SL - 355
REASONS :
1. Break channel
2. done 50% Fib retracemnt ( 1D TF)
3. break 50 DMA , 21 DMA ( 1HR TF)
4. gap filled
5. taken support at 50 DMA ( 1D TF)
6. momentum gose up , RSI
Has SBI Made a low around 345?The stock gave a breakout from the previous resistance zone which now becomes strong support. SBI has formed a hammer candle in that zone, let's see if the low, for now, has been created and we see upper levels or it breaks this range.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SBIN "Gap Trading" The major gap which was given created is finally filled and hence a breakaway gap was created and now i am expecting an easy target of 372,
SBI Bank | Play for a BonceThe stock is falling since the last few trading sessions and going to fill the Gap soon, looks good to buy near 358 for a bounce.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SBIN Flag & Pole Pattern Long if SBIN in Tomorrow Trading Session i.e 17.03.2021 Break the flag Pattern
Only For Educational Purpose |
State Bank of India - Head and ShouldersIf markets open and try to take support then we can see an up move.
Targets, Retest entry and Stoploss are mentioned in the chart.
SBI OVERBOUGHT ?? That's what charts say.Hi , thanks for stopping by at the analysis.
We started off with the Weekly time frame where we marked the important key support and resistance levels, as we all know that SBI has broken its all-time high recently. But there's a pattern which we can see previously as well after drawing the counter trendlines. Also on RSI the mark is above 80 now which means profit booking may start anytime soon.
Any comments will be really helpful which are not in-line with my thought :P
SBI still has the capacity to go beyond 434 levels and beyondSBI has still potential go beyond 434 because of the following facts:
1. Deliverable quantity is high
1 Months is 65.95%
2 weeks is 65.11%
1 week is 68.54%
2. Charts is in a strong bullish trend.
3. Keep invested for a time frame of 2-4 months.
SBI Broke Ascending Wedge Pattern - BULLISH MOVEMENT EXPECTEDDaily Time Frame
November to Feb (Ascending Wedge Pattern)
High volume at the time of breakout
Moved over 3 Key Price levels
Look at chart for more details
SBI LongThe bullish engulfing pattern has been spotted at important levels. If the stock sustains above the levels then it can be a good swing trade.
Target - Upper trendline.
Stoploss - lowest low of the pattern.
LONG- SBIN; Weekly Trendline broken and at Important Fib levelLong SBIN:
A declining trend line is broken by SBIN on the weekly time frame and if you are an aggressive trader, then you can enter here, else wait for weekly closing above 282. Looks like the 3rd wave of Elliot wave pattern.
📊 #sbin #sbi long till PRZ 💸💶💵💴💰🏟NSE:SBIN
as one can see its bearish harmonic pattern, sbin just got break out so one can long till above dash line and book only if find reversal seems like trend has just started.
Learn . Apply . Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
