SBI cmp 847.65 by Daily Chart viewSBI cmp 847.65 by Daily Chart view
- Support Zone 834 to 841 Price Band
- Support at 814 > 781 > 751 with Resistance at 868 > 883 > ATH 912
- Stock Price is testing and Retesting the Support Zone over the past week
- Volumes seem steady showing intermittent spikes by demand based buying
Sbintrend
SBI Analysis!! Will SBI move as per Double Bottom(W)Pattern??SBI Daily Analysis
Double Bottom Pattern Formation in SBI
SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of projected profit. Will se what happens?
Entry = Above 568
Target = 1) 605.85 2) 649.85
Stop Loss = Below 554.90
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
Is SBIN on a re-test zone ??State bank of India, A heavy weight PSU bank is showing strength, Yesterday we saw good selling pressure on this scrip but unfortunately sellers failed to push and buyers taking the price higher. If price sustains above 550 then possibly we can see a strong upmove in this stock. keep in radar
#note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor.
Thank You.
SBIN Big Breakout SBIN Future Trading at All time Highs, After A huge consolidation finally Range breakout in the stock is seen. Stock has entered un charted Territory, And head towards 600-650 in the next 3-6 Months. We are bullish on the Stock on Short Term basis. And We are initiating Buy position in SBIN Future @ 555 With Stoploss of 530 For the Targets of 580-600 for Swing Trading i.e. September Series.
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.
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.
SBIN | Use the Pull Back to Go Long!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 falls. When market opens next day, if the price gaps down & break S1, make sure to go long from S2; which is a demand area. Once you are in, make sure to place the stop below the nearly support area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Swing SetupEXPLANATION : 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 & demand zone with high volumes and retest the same , I am bearish on SBIN .
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Levels for - 04 Oct 2021EXPLANATION : 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 .
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SBIN SWING TRADEAfter a long streak of downfall, SBIN has finally taken recovery from an important support . After breaking an important resistance SBIN can become a beautiful short covering trade. This is a swing trade and not an intraday trade. SBIN could continue its up move even after the 3rd target and could be chased further by trailing stoploss. The immediate stoploss after entry should be maintained at the 50 ema .
SBIN Cup and Handle Pattern, Two Fib sequences merging, Long SBIN has been consolidating for past two months, and has formed a Cup and Handle pattern (take a look at the chart). Also it has been following a trendline, shown in the chart, currently trading near this trendline. Testing Fib level 1.618 of two distinct trends of past. Interestingly, the height of cup & handle pattern coincides with one of the Fib level (shown in the chart). Looks good for a long journey. Everything else is self explanatory, look at the chart.
All events are merging and I guess SBI is looking for a trigger to reach 550 target. Can the Q1 2021 result prove to be that trigger ? Technically, long trade is sound for target up to 550. Long above 446, Stop Loss 405.
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