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...
SBIN is near its support of 502 and is respecting it.
On 4 hour time frame, the stock has give a doji and a hammer candle.
Once an hourly candle closes above 505, it can go upto a level of 515-518.
Wait for the levels to be sustain. 1-2% upside move will be there.
When it comes to SBIN, the stock is still in good uptrend. Last day market closed near 460 & likely to reach 464 soon. Though it is not a good idea to take the position right now since price is too far from previous support area and it is also expensive now. I think you might get a good pull back to get in. You could use the support area to get in when price...
NSE:SBIN
#SBN levels shared and gained good profits, shared on 8th and out of 4 trading days 2 days levels gained good profits and rest 2 days in sideways !!
Still the levels are valid and can be followed !!
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
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Hello my name is Shubham, I am sharing my view about State bank of India for November 8 2021.
I have marked some price points where price can move, particularly in that area of price. Thankyou & Hope you like this analysis. see you soon
EXPLANATION : This is a 1 hour time frame chart of SBIN . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on SBIN , I am expecting a target of more than 7 % here . If give a strong breakdown and broke its trendline support &...
EXPLANATION : This is a 30 Min time frame chart of SBIN , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on SBIN . If stock break the trend line we plan to short , downside levels marked in chart .
If you like this...
SBIN is coming up with good news like the low interest rates in home, automobile loans; but the chart data is showing negative signals. There might be some news burst out and the data will reverse so keen checking on the news of SBIN. This Analysis is for educational purpose.
Cup And Handel Pattern In SBIN
Entry And Target Given In Video For Short And Long Trade
Short Position For Risky Traders, Safe Traders Please Avoid Short Trade.
For Any Query Contact Me In Comment Section.
![SBIN: Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]](https://s3.tradingview.com/a/A1OEcvaU_mid.png "Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]")
