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Sbipricetrendanalysis

SBI OVERBOUGHT ?? That's what charts say.Hi , thanks for stopping by at the analysis. We started off with the Weekly time frame where we marked the important key support and resistance levels, as we all know that SBI has broken its all-time high recently. But there's a pattern which we can see previously as well after drawing the counter trendlines. Also on RSI the mark is above 80 now which means profit booking may start anytime soon. Any comments will be really helpful which are not in-line with my thought :P
NSE:SBIN
by Abhishek_TradersSin
SBIN | Monthly Close Holds the KeyRecent bullishness and last week close above 350 levels in SBIN warrants more attention. 325 to 350 region has been a zone of uncertainty with many failed breakouts. It should be noted that ATR during last week was around 18. The stock moved into a historical supply zone with 2ATR move of 35 pts. This calls for caution. The current sharp move upwards was supported by overall market exuberance rather than stock specific trigger. Weekly close should be taken with a grain of salt since the event was towards the end of the week. A comfortable close above 360 levels on Monthly time frame is required before adding to your high conviction Buy List.
NSE:SBIN
by AkhilSuryaFS
2
SBIN ShortSBIN short pullbach keep watch and trade safe... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
NSE:SBIN
by sakthideva
Humpty Dumpty About to fall- A modest compounder in makingNSE:SBIN BSE:SBIN The Reverse symmetrical triangle about the break after no support from weekly S1 level The next support as mentioned in the weekly also corresponds to be between 0.786 and 0.886 of the Fibonacci series ABC, also corresponds to be near the 618 or outer ML of the pitchfork.. Following the price magnet principle, the action is expected to go back to the median line of the pitchforkwhen the fibo level of 0.618 is expected to give resistance.... Also there is a Bullish Cypher in formation formation, with complements the theory.. Disclaimer.. Not invested but interested to bottom fish.. This is not a time dependent analysis This is not an investing/trading recommendation
NSE:SBIN
by capsule91
1