SBIN is trading around the highs and if forming a bullish flag and pole pattern. For last 3 weeks it is holding on to the higher levels. A nice bullish trade can be capture for a 10-12% move in near future. A nice move it has already given and it can touch another milestone of 700 in this quater. Break out can provide a nice up move in the stock. Positional...
Stock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which...
SBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
SBIN - short trade for target 590-587.7 reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1 disclaimer - trade @ own risk
SBIN go short if you see bearish candle and as per my plan wait for opportunity. Follow me. 😊😉
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...
Bearish Shark In SBI Sell PRZ - 606 - 609 SL - 621.5 ( Day Closing Basis ) Target - 580/566/554
Sbi Study : Cmp 531 Last 3 Weeks Lowest Closing. All The Technical Parameters Super Negative On D + W Charts. Immediate Super Strong Resistance At 565 ( Day Closing Basis ) No Major Up-move Expected Until Give Weekly Close Above 605 Sell On Rise With SL Of 565 ( Day Closing Basis )
Sbin Cmp 553 Selling Zone - 575-590 SL - 605 ( Weekly Closing Basis ) Target - 450/470
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 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...
Wait 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...
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...
NSE:SBIN It is short term trade The stocks is geting resistances from lifetime high so its has rejected by many people. Also its rsi is also reducing which indicates its weakness The first target is 500 and second target 490 . This is for educational purpose.
State bank of India On the Daily chart trading between Range of 430- 545 from last 2-3 months. Currently Stock has hit the Higher side of the Range i.e. 545 and a Doji Candle formation followed by Bearish Engulfing candle Pattern formation is observed near Resistance levels. Also banking stocks looked to be over heated so there can be some correction in the...
Downside gap is pending so definitely market has to full fill these gaps sooner or later. Conditions applied: If market goes below the intersection point of Trendline & Channel line which is @ 462.70 then we can go for short till gap was filled @ 449.2
NSE:SBIN #NSE:SBIN formed inside doji in Daily frame and beautiful trendline in 15mins frame. Shared the potential levels according to my analysis, wish that helps. Happy LEarning.
NSE:SBIN #SBIN All levels marked on chart, Got rejection from resistance and trading @ Support now.