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...
SBIN Test Supplyzone Keep Watch retest If Fail Don't Enter Target 316-310
Triangle pattern observed in SBIN. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of triangle is around 25 points. With confirmation of pattern occurring at 347.50, Target of the pattern comes in at 322.70. A retracement towards the pattern before further weakness cannot be ruled out. Notice that 334 could offer a good support.
SBIN is forming a bear flag on hourly timeframe. Explained in Charts.
Recent 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...
SBIN Test supply Zone Keep watch And Trade safe... Target 288 & 277
SBIN Wedge Pattern breakout... Keep watch trade Safe Target 270 & 250
SBIN Form Bearish Flag pattern keep watch expect 240 &235 Make your own Entry or wait for the retest
SBIN break the previous trend and tested Fibonacci Support area keep watch Don't enter the support zone
SBIN trend Break keep watch retest and enter the trade Keep watch retest then enter the trade SL use for 2% Rule
SBIN 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...
NSE: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...