I take this short sell trade on SBI now for intraday on Equity, cause it's may take more than 1 day Risk to reward: 1.5 (Take only 2% of your capital risk)
For Buying ---------------- 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. For Sell ---------------- 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.
Although the right should is complex one but this Head and shoulders has a volume confirmation to it. The triangle formation tells that it can move either way. The targets are indicated by the green horizontal support/resistance lines. Note: Not a financial advice.
we can go long after 372 breakout or long from 360 target mentioned in charget
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.
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
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...
If markets open and try to take support then we can see an up move. Targets, Retest entry and Stoploss are mentioned in the chart.
SBI Looks weak below 385 and can go down till 360 to fill the gap.
No 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
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...
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...
NSE:SBIN crossed the resistance line. Headed towards 310-330.
SBI - need to wait for close above "green" trendline.