SBI swing trade idea, my predictions are that it will make a new 52 weeks high but if you are a risk-averse trader exit on resistance ie target price mentioned in the chart, and if you are willing to take more risk wait for 200 days ema to cross above 50 days ema/50 days ema to close below 200 days Ema. I have shared this idea for learning purposes only take the...
SBIN is making trendline toward upside but there is strong resistance 432.5
As you see in the chart, Share unable to break the resistance level so many times..
So if its break tomorrow and day after tomorrow we can see the good upward momentum.
Our Target is 442
What's your view on this comment below in the box.
1. Bullish market structure
2. TRENDLINE SHOWN ON ABOVE CHART GO FOR SMALLER TF.
3. Trendline breakout Heading For R1: ~437+
4. Good Market Sentiment and Recent News
5. Support & Resistance zone: 433 to 437
Short term: 437+
7. IF BREAKS THE TRENDLINE THE TARGET WILL BE AS FOLLOW :
427 / 423 / 419 ...
SBI seem to be forming a Head and Shoulder pattern in the shorter time frame chart. The pattern to be completed needs the price to test the neck line placed near 420-418 levels and break below. The immediate targets for the set up, if it realizes can be 406/393. The stop loss needs to be placed above 436, which is slightly above the most recent high made intraday...
Pinbar at such resistance lvls tells a good story for future, keep this stock in mind :)
Happy trading to u all !!
For now, those in trade be in it and those who want to take a good entry should wait for a good bullish pattern to go forward from here ..
seems super bullish tho.
Buy Above 374.. But not advisable for Buy..
Cannot to see any buying pressure.
Even Symmetric Triangle breakout happen in upper side, there is lot of resistance.. price will difficult to move upside.
Sell Below when the trend line breakout..
if the price tested the trend line again & if breaks this will...
BEST GOV. BANK NOW ON REVERSAL SO ADD IN YOUR PORTFOLIO FOR SHORT TERM THE FIRST TARGET IS 376 , SECOND TARGET IS 388 THEN AFTER 403 AND 420.
NOTE :- SHORT TERM ( 2 DAYS TO 3 MONTHS).
IF YOU LIKE MY POST AND YOU GET PROFIT SO PLEASE LIKE THIS POST AND FOLLOW ME FOR MORE TARGET.
Looking at SBIN on 15 mins chart we can observe that, every time SBIN comes near the resistance, there a good selling with good volume. Same has happened today. We can see a good reversal , engulfing candle & good selling volume from same resistance level. Look for short opportunity once support of the trendline is broken.
Price may move towards filling the gap.
Wait for the price to sustain above the trendline and marked zone.
Go Short if the price gets rejected from the Grey zone.
Price may also retest the support once more time before moving up.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for...
All the levels are mentioned in the chart.
Sell if it closes 15 min candle below the support area for targets of 373. Again at 373 there is support so if it reverses than close the trade and if it breaks 373 level than again sell for the targets of around 357.
Sell futures and Buy ITM puts or write calls as per your comfort.
Please comment if you have any doubts