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Statebankofindia

#SBIN heading to ₹100 on longer term chartsState Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1. Short term charts will be published soon with details on the internal wave counts of the current impulse.
NSE:SBIN1!Short
by SolomonsView
2
State Bank Of India | Bearish View Spotted Head and shoulder pattern on SBIN. Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break, Even on Hoursly Time Frame it is bearish. LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock. Also if you notice too much conjestion now, near the right shoulder On a 4 hour chart and hour chart, there is high volume towards selling so beaware of this stock no movement for sometime in this stock
NSE:SBINShort
by trader_indie
SBIN to breakout: Much above support and far below resistance.Hello Traders, this one is positional trade strategy. SBIN is trading at verge of breakout level. Its above support line with no trend reversal signs, but far below resistance. If it picks momentum and breaches 202, be prepared to reap profits. Enter/Buy the stock which is on journey to 244. On crossing 248, it will head towards 280. These levels are expected to be reached in sudden jerks. Thus I suggest positional trades here. Entry 204, Target: 244-248-280. No SL required for positional traders. Entry: 206, SL: 202.50, Target: 224-230-244 for Intraday traders. Intraday traders should enter only when they see great momentum from 201-204.
NSE:SBINLong
by shikhagupta2589