Statebankofindia
State Bank Of India - SBINNo doubt its a result day so anything could happen, but early signs are bearish. I will wish it to give a closing above 340 level for further momentum. If results are not celebrated by markets then the history consequences is already plotted.
Chart By- ADARSH DEY
Is SBI violent move could be predicted??SBI looks low valued stock around 250-270 range and RSI was around 60% with weekly breakout and huge volume support. Breakthrough at 250-270 range. It forms rectangular box pattern which breakout would be around 350-358... So as per price action looks strong..
Disclosure:- I am not having SBI position in my portfolio also this is only for study and educational purpose. One should take trade with advice of there financial advisor. I am not suggesting or advising any BUY SELL OR HOLD Position.
State Bank of India forming bullish Engulfing on daily chart!SBI has formed bullish engulfing candle on bottom of Bollinger Bands, in daily time frame
On 1 Hour TF; it has has closed above median line of Bollinger Band and formed bullish candle; with MACD crossing from below line and health RSI
Can go long in Intraday / Swing trading.
For Intraday, I am buying with SL-M of 285, with SL 1 ATR (Rs.10); trail SL to cost on jump of 1% and keep trailing for every 1% move.
Appreciate your comments with feedback, to improvise my analysis.
Regards,
Ravi B
Anybody can recognize the Pattern on SBIN?The following parameters are measured:
"B" is less than 61.8%
2.61.8 BC projection @ 243
1.618 AB = CD at 237.5
1.27 AB = CD at 226
1.13XA retracement already done.
Reversal target can be utilized as 218 OR 226 ?
Reversal zone 243 or 237.5
SBI- SWING LONGSBI has underperformed compared to Bank Nifty. It is likely to expect that we can see some good momentum in SBI in the coming weeks. 225 is strong resistance as of now. This stock is certainly not a pick for the long term horizon.
CMP - 200
Target - 225
Position Type - Swing
The perfection of State Bank of India...Prediction was make at
The perfection of State Bank of India...
30 points prediction was prefect match with my previous posted idea. This is just wave counting process. Traders can enjoy it.
If you have any questions regard to the Wave Counting, leave the comment. I will reply you.
sbinforming zig-zag where Wave B retraced from 68% of Wave A.
wave can retrace upto 50% but 38 % is 230.
so for we can buy it @ cmp for target 230.
and then it will move for wave 5.
SBINIm not an expert im just sharing my views on SBIN for tomorrow
Im not responsible for any profit or loss this is not a recommendation
