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Sbintechnicalanalysis

State Bank of India - Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 865.45 Targets: (T1) Rs. 912 --> (T2) Rs. 1,023 SL : Rs. 765 Technical View: • NSE:SBIN is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 912 on 3-Jun-2024, it has retraced 16% to 761.55 level. • NSE:SBIN has breakout from it's secondary downtrend with high volume on 5-Dec-2024. • NSE:SBIN is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA is also trading above 50 DEMA. • RSI is in buy zone and trading at 62.74. MACD is bullish and trading at 10.63. • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:SBINLong
by vicky252
SBI Bank Channel Breakout and Bullish Flag PatternDetails: Asset: State Bank of India (SBI) Pattern: Channel breakout and Bullish Flag Breakout Level: Above 800 Potential Targets: Projection based on channel width or flagpole height, or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: State Bank of India (SBI) is exhibiting a channel breakout above the 800 level, indicating a potential shift in sentiment. Additionally, the price action resembles a bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a period of consolidation in the shape of a flag. The breakout above 800 suggests the possibility of a significant upmove, considering the bullish pattern formation. Possibilities: Bullish Momentum: The channel breakout and bullish flag pattern suggest the presence of bullish momentum in SBI. Projection Targets: Potential upside targets can be estimated by measuring the width of the channel or the height of the flagpole and extrapolating it from the breakout point. Confirmation: Confirmation of the breakout and pattern validity with sustained trading volume would provide further conviction for the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. As always, it's important to conduct thorough analysis and consider risk management strategies before initiating any trades or investments.
NSE:SBINLong
by CyborgTradingHub
State Bank Of India Break Support on One Day Time Frame 2023 State Bank Of India One Day Chart Analysis For Investing and Trading SBI Just Break Support Zone on One Day Chart - ( 540 - 550 ) If Breadown will Continue then Down Side Targets are Given Below First Target - 502 Second Target - 480 Third Target - 433 NIFTY50 and BANKNIFTY also break Major Supports on Day Time Frame if Down Fall will Continue then there is Good Opprtunity For Traders by Shorting SBI in Future or Buying PUT option IF You want any Chart Analysis You Can Msg me Trading View
NSE:SBINShort
by manojshinde27
Swing Trade Setup for SBIN -Fasp Levels 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 under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:SBIN
by SathishChandrasekaran
SBI Signals BearishnessState 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 banking stocks. I am Short selling SBIN future Around current price of 530 for with stoploss 16 Points above 546.50 and Targets of 2X i.e. 500- 490 in the next 5-7 Trading sessions.
NSE:SBIN1!Short
by JustProfitPlay
Simple Trade Setup | SBI BANK [SBIN] | 16-06-2022 [INTRADAY]NSE:SBIN Observations: 1) On 1Week time frame, we can see it has formed kind of Head and shoulder pattern. Please refer below chart : 1week time frame. Immediate support is at 440 level. Breakdown of 440 will invite more selling. 2) On 1hr time frame, it made rounding top pattern. Please refer below chart : 1hr time frame. ------------------------------------- Trade Setup for 16-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SBIN
by Trading_hawk
Simple Trade Setup | SBIN | 29-03-2022 [INTRADAY]NSE:SBIN Trade Setup for 29-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SBIN
by Trading_hawk
3
Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]NSE:SBIN Observations: 1) On 1 day time frame, we can see rounding bottom pattern. And stock is near the resistance zone. Either from here on breakout of this range it can give good up move or if it failed then we can see down fall. Please refer below chart : 1day Time Frame. 2) Also on 15min time frame, we can see this support channel. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 03-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SBIN
by Trading_hawk