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Sbinsell

Evening star in SBIN, can it take stock lower?SBIN has given a fall of 7% in this week after forming a double top pattern. An evening star pattern has been formed on the weekly time frame and stock has closed below the 20 ema. After trading around the ATH stock has given a nice fall and in the last trading session too it has given 3% fall. Volume indicator also confirms the pattern as the volume of the red candle is higher than the doji candle formed previously. A short trade can be initiated in the stock once it starts trading below today's week low. The stock can test 550 levels so as there are high chances of froming lower lows lower highs. The stock may take a halt candle on the daily charts, as it has formed 4 red candle and is trading between both the moving averages. If the stock retest higher levels before giving another bearish leg, sell positions can be created once there is a negative candle formation near golden ratio of fibonacci series. Entry :- Below 571, On bearish candle around 600 levels. Targets :-555, 505 Stop losses should be created on 1:2 or 1:3 basis. Positional trades can be initiated in the stock as it may take time to test the levels. Next expiry future or options can be sold as August expiry option will take profit due to time decay. Wait for the price action near the levels before entering the market.
NSE:SBINShort
by Mambotrade
Sbin Short I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:SBINShort
by EntryandExit
CONFIRM SHORT TRADE IN SBIN AS PER WAVE THEORY and DEMAND SUPPLY We are looking at the Monthly chart here; we clearly see Wave 1, 2, 3, 4 complete and now Wave 5 is forming; Wave 1 and 5 are almost similar waves in terms of both magnitude and direction also Wave 5 each and every time definitely breaks the low made by the end of Wave 3 therefore we are super sure that it will cross the previous low of Rs. 149.45. Let's verify every Wave in the Lower Degree to confirm the above structure and to find an accurate entry in the Potential Supply Zone; Wave 1: Downward Simple Impulse Wave 2: Upward Simple Correction Wave 3: Downward Simple Impulse So Wave 3 is complete and verified I have also shown the magnitude of every Wave to have a clear understanding regarding the Impulse; Wave 4: Tripe Three Correction Explained and verified with most unexplained X Waves; After verification of all these Waves we are sure that this is a downward Impulse and Wave 5 will surely end below the Low of Wave 3 (Rs. 149.45) Wave 5 will formed as per the Monthly chart which means we will have 5 Wave downward Impulse in The Lower Degree charts Here we see that Wave 5> Wave 3> Wave 1; which is together a Wave 1 and hence we are sure to have Wave 3 as an Extended Wave; Hence the Downward Move is assured with immense volume; Wave 3 starts and here we will have a 5 Wave downward Impusle formed; We have Wave 1 and 2 complete which confirms the start of Wave 3; In Wave 3 which is to be formed in 4H hence there will be Impulse formed in Lower Degrees which are as follows; Also this is the 1st Trade in Downward Direction;
NSE:SBINShort
by Kruti0210
What will happen with SBI? We have a Leading Diagonal which makes Wave 1; We have a Type 1 Zigzag here and Wave 5 completes the Upward Impulse move and now will start the Correction; In correction we have Waves A; B and C This is Wave A. This completes Wave B Now we will check how much the Wave B has retraced into Wave A; that will tell us what will form in Wave C; So we see that Wave B has retraced Wave A by more than 100% which confirms the Correction structure that is forming is a Downward Flat correction structure; therefore Wave C will be a 5 Wave downward Impulse; So we are having a 5 Wave downward Impulse where Waves 1, 2, 3 are complete and Wave 4 is onn; we will verify in the Lower Degree what structure is forming in Wave 4; After Wave 4 ends we will have one more downward Impulse in Lower Degree which will be Wave 5 and hence will complete Wave 1 of the Downward Impulse; then Wave 2 in Upward direction; This is a good short Trade will give the Put Price when the Upward ABC structure completes;
NSE:SBINShort
by Kruti0210
1
Sbin Short I hope you can now see how SBIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:SBINShort
by EntryandExit
2