Probably Going upwards soon... May be it's Morning Star Pattern which indicates Upward Trend and Share will go up soon... Target : 225-230 (1-1.5months), Don't take trend based on this... Just for information and I'm not expert just learning and try to improve myself
STATE BANK OF INDIA (SBIN) has breakout of range consolidation, Stock today on August 2020 breakout of Rising Wedge patter as marked on the chart. We can see levels upto 248- 250 in the next 2-4 months. One can Go long with the stoploss below 188 on Weekly closing basis.
SBIN broke again 200 levels on friday. It is again and again hovering around 200 levels. We can use trend lines, Support and resistance levels drawn on the chart to initiate intraday positions around those levels.
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...
A simple support resistance analysis for State bank of india. A strong support near 183 level.
Keep eye waiting for the breakout
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...
HI All, SBI tested most of the times to break out the level. Now it is forming wedge pattern and expected to breakout shortly. And as per fib level it will reach the target.
Possibility Of Some Profit Booking be safe
Levels on chart. Long above 189.8 for 196 with SL at 186.5 Observe Stochastic levels with previous rebounds for confidence Keep a track on Bank Nifty levels - refer linked idea (1.0) for correlations
Go for long if it gives a clear breakout. Follow.
SBIN looks weak, short term may be down trend. Support near 177, with resistance around 195 We may see nearest level of 180. Updated on: 5th July 2020 11.00pm Disclaimer: only for learning purpose
SBI has given a nice break out, friday's volume and OI addition indicate more upside. Any hedged position or a Bull spread utilising 185 n 200 strikes can be taken.
Buy above 187 for T1: 190; T2: 192: T3:196 Sell below 182 for 180. I don't see SBI falling below 180 under normal circumstance. Follow ORB strategy on the 15 minute candle; enter on pull-backs.
Good Day Traders... Elliott Wave Perspective on the stock If you want to learn more Elliott Wave Theory please check out my channel...
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