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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
Bullish move on SBIN charts (08/01/24). 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 trades in the stock and derivative can be initiated. Fundamentally the stock is good. A nifty50 stock is always good for investment purpose. Major levels are 660 & 700 on the higher side and support is around 620 levels. Wait for the break out to trade. In case of a break down avoid a trades as the lower side R:R is not suitable.
NSE:SBIN
by Mambotrade
2
SBIN TO ALL TIME HIGHS AGAIN?NSE:SBIN SBIN is showing bullish reversal sign and can achieve 560 level zone easily in coming weeks with buy on deeps strategy (only in new high new low formation) . current resistance for sbin is at 533/532 zone, above that 540 /538 is the next resistance zone, best entry will be when sbin hits 540/538 res zone and retests previous resitance of 433/532 and makes it a new support, sl should be be 510 as current support zone is at 521/517 from which sbin can carry on the upside trend move.
NSE:SBINLong
by ajinkyadiwakar717
SBIN may give a break out of the consolidation zone.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 out can give a nice movement. Support :- 509, 490 Resistance :- 543, 580(monthly fib level) Only go for a bullish trade if the stock closes above 543 on the daily time frame. Intraday and swing trades can be initiated in the stock.
NSE:SBIN
by Mambotrade
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