Statebankofindia
State Bank of India for 40% gainsDate: 4 Nov’24
Symbol: SBIN
Timeframe: Weekly
SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends).
Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%).
Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
STATE BANK OF INDIA by KRS Charts18th September 2024 / 11:11 AM
Why SBIN ❓
1. All Time Bullish Stock with Strong Fundamentals. 👌
2. Once a Resistance Now look like will worked as a Support . ✅
3. Further, Retested and made Bullish Hammer on support 🤩
Simple Bottom wick of Hammer will be SL on 1D TF closing basis 765 Rs.
Target is ATH for Now 900+
Charging it up with SBI Cards - Observation only- NOT FINANCIAL ADVICE -
Simple funda - Best exposure to pure credit card growth in India, through a subsidiary of India's largest bank. A quasi state owned credit card company.
Breakout above previous support (and now resistance) in price along with a close above 325 day SMA will make it a buy - all levels given on charts
All eyes on PSU Banks!!Two of the major public sector banks closed strongly today. NSE:SBIN has closed above the trendline while NSE:BANKBARODA has closed strongly and awaits inverted head and shoulders pattern breakout above the trendline. Expecting a re-test before we see some good upmove.
SBI ready to fill gap Forming pennant, removed weak hand with a fall and immediate recovery.
New month started with shorting fresh contracts will begin. Put contracts can be shorted and likewise longs can be initiated.
Gap fill expected with further more targets. Bank nifty is also bullish.
STATE BANK OF INDIA - Swing Trade - 3rd March #stocksSTATE BANK OF INDIA (1D TF) - Swing Trade Analysis given on 3rd March, 2024
Pattern: RECTANGLE BOX
- Volume buildup at Resistance - Done ✓
- Wait for Retest at Demand Zone & Consolidation - In Progress
SBIN - Breakout with Gap. Can this be a Run-away gap ?The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
SBIN may form DowntrendSBIN may be downtrend , see the support levels . major resistance there in so may months, focus on it
State Bank of India ( Neowave Forecast)Hi Everyone
This is our final chart of SBI which consist 10 percentage weightage of Bank NIfty. Already posted HDFC bank and ICICI bank (both consist 60 percentage weightage)
With this you will have proper understanding of current and future directions of banknifty. I will update further when the times come, till than happy hunting.
Thank You.
SBI towards crucial support zones SBI the largest public sector bank is forming a head & shoulder pattern on weekly charts along with a breach of neckline support from where early breakout occurred. given that ads negative trend strength is rising , If the momentum support at psi 40 breaches along with a confluence support breach of bottom trendline from 2020, then it could be retesting the previous swing low at 500 & if could not find help there could be heading to swing low near fib retracement 38 neat 450.
State Bank of India is at support levelToday SBIN was available at 500 which was a great level. Never the less tomorrow SBIN should give opportunity to enter again.
SBIN is a solid stock to keep in profile.
The support and resistance lines are self explainatory.
STATE BANK OF INDIA - DAY CHART - 29.12.2022 - BAHAVAN CAPITALSTATE BANK OF INDIA as per Day Chart Analysis
Stock ABOVE 620 TARGET 624
Happy Profitable Trading to All...
Advance Happy New Year Wishes to All...
STATE BANK OF INDIA - DAY CHART - 12.12.2022 - BAHAVAN CAPITALSTATE BANK OF INDIA as per Day Chart Analysis have chances to move uptrend Stock ABOVE 620 TARGET 623.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All...
SBIN - DAY CHART - 01.12.2022 - BAHAVAN CAPITAL STATE BANK OF INDIA posted 29.11.2022 Stock ABOVE 615 TARGET 620 and in few sessions TARGET will be HIT.
Happy Profitable Trading to All....
SBIN - DAY CHART - 28.11.2022 - BAHAVAN CAPITAL STATE BANK OF INDIA as per Day Chart Analysis ABOVE 615 TARGET 620.
Happy Profitable Trading to All...
SBIN case studyCounter is trading in ascending parallel channel structure, few days ago on result day counter gave a gap up opening and now counter have filled the gap,, now closing below 593 would lead to reversal confirmation,
so sustaining below 593 on closing basis and follow through would lead to levels of 579 and 551
going a head,,
if not able to close below small bounce can be seen..
keep watch on levels for this counter
Nifty PSU to touch 4300 lead by SBIs strong growth SBI Q2 2022 has given Net Profit of 13,000 Cores this will lead the rally ,
Next Bank Nifty rally will lead by SBI Bank.
State Bank of India (SBIN) looks good based on chart formationSBI looks to step out of the consolidation zone after forming a double bottom pattern.
Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock.
Always define your stop loss between 5-8% if your trade fails.
Do read my previous analysis on State Bank here..
State Bank of India BullishEarnings NEWS: State Bank of India reports the highest ever quarterly Net Profit of Rs 13,265 Cr (a growth of 74% YoY). Loans: 20% YoY growth, 4.6% QoQ growth!
Analysis: With Earnings backing the stock (beat on all estimates), I expect the stock to continue the momentum as the strongest PSU bank. Keep a stop loss at 570 and go long for the longer term.
SBIN LEVELS FOR MONDAY - 24-10-2022Important SBIN Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
SBI Intraday Trade setup for 8th SeptHi Guys,
Support and resistance marked with trend line. Either Side breakout will give good return.
Note - Please add proper SL before taking any position. Manage your risk.
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SBIN, ready for breakout??SBIN is trading in zones since long time. Is it ready for the breakout above 549? What are your views after seeing chart?
