Sbintrend
Watch SBINWatch SBIN on a daily and weekly chart. It is testing the descending trend line. Depending on the overall market sentiments, it can breakout or come down in the coming days
📊 Sbin 🎯NSE:SBIN
Short only if find reversal. 343 to 373 Reversal Zone.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
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.
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;
SBIN - Hammer at support with low RSINote: This is for educational purpose only.
There seems to be a hammer candlestick pattern formation which is formed at the previous support levels. This hammer is apparently seen to be forming at the lower band of Bollinger band as well. RSI has bounced from oversold zone.
Entry Price: ₹183
SL Price: ₹171
Target: ₹195 - ₹210
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;
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.
SBIN TRADE SET UP FOR TARGET 213 (STATE BANK OF INDIA)HELLO FRIENDS,
HERE IS TRADE SET UP FOR SBIN AS PER WAVE THEORY SBIN IS IN 5TH WAVE AND TARGET ZONE WOULD BE 213 TO 222 IN NEXT WEEK WITH STOPLOSS OF 185 CLOSING BASIS FOR ONE DAY, WE CAN BUY SBIN NEAR CHANNEL SUPPORT UP TO 192 TO 196 LEVEL.
HAPPY TRADING FRIENDS.
SBIN Long 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.
SHOULD PULLBACK IN SBI BE USED TO BUY SEE & DECIDE !!Hi Traders/Investors,
Last week I mentioned in my post point no. 2 for your consideration " for investor this is right time to invest in this scrip. traders I made red dotted line til price do not take it out , no short buy on dips is good strategy for this stock. in coming days 2 nd target will be achieved." This is what I shared crystal clear. Though some traders bought on resistance out of aggression and then kept me posting that what should they do now position in loss. Dear traders when you can not control your emotions being shared trade when to enter i.e buy on dip . Did you get dip to enter . No you yourself put in this situation and wanting relief. Think over it can you get. This way you convert your losses into hope trades waiting red dotted line as a rescue level. If in any case is taken out then.... There is nothing sure in stock market. This language of trading is probability. Where a trader search a best probable trade. Not confirmed trade . This is highly ridiculous to think in this way. Even best probability trades need stop loss. No body in this universe expect taking entry is 100% sure about positive outcome. So change your perception about stock market.
Since Those who want to enter long they should consider red dotted line as sl and get long side positions til that red dotted line is breached with the 1st target of red solid line and if it is taken out then second target of blue zone. For new followers and readers there is difference between breached and taken out , That I have explained many time in my various post. Attaching post where you can understand in detail. But in daily case you have to see in daily candle with 4hrs candle. See I talked about breach of red dotted line means exit from long but trend will only change to down down side when taken out condition will be met.In case taken out is not met and price return into red dotted line again buy can be initiated generally this is the sign of rejection and maximum time we see rally in this situation. I think I have made all conditions crystal clear. If you again go wrong then My suggestion is to make your base for trading then come into this field. Investor can invest at this stage with 60% capacity. Rest market will decide.
YOGESH VATS
Note. All decision should be taken for investment and trading by consulting your consultant. I can be wrong any day any time.
