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State Bank of India (SBIN) Analysis - October 19, 2024 📊 Overview: • SBIN has shown a bullish momentum, closing at ₹820.40 (+1.15%) today with a notable trading volume of 11.705M. • The stock is approaching key resistance levels marked at R1 (₹830) and R2 (₹850), indicating a possible breakout. 🔍 Indicators: 1. Moving Averages: • The price is trading above the 50-day moving average (blue line). • The recent cross of the short-term MA above the long-term MA indicates a possible continuation of the uptrend. 2. RSI : • The RSI is currently at 68.16, approaching overbought territory but not yet signaling an immediate reversal. We may see further upside before a correction. • Past bear signals indicated reversals around these levels, so keep an eye out for divergence in the coming sessions. 3. MACD : • The MACD line (blue) has crossed above the signal line (orange), generating a bullish signal. • Positive histogram bars suggest increasing bullish momentum, which could push the price higher toward resistance levels. 📈 Potential Targets: • Immediate resistance levels: R1 at ₹830 and R2 at ₹850. A breakout above R2 may lead to a move toward ₹880 (R3 level). • Support levels: ₹800 and ₹780 (S1 and S2), which can act as buffers if a pullback occurs. 💡 Conclusion: SBIN shows bullish signs with a potential breakout if it can maintain momentum. Watch for a breakout at R1 and R2, and monitor RSI levels for any potential reversals. Consider key support zones for risk management.
NSE:SBINLong
by rajattview
TATASTEEL - 15m TFNSE:TATASTEEL has formed a clear support line ( Trend Line) with multiple touch points, as the month TF didn't have any break of structure(BOS) on the sell side, the market is still considered to be in uptrend. Moving down to the 15m TF the market has a resistance with multiple touch points and if it breaks the resistance zone with a good volume a long position could be expected. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:TATASTEEL
NSE:TATASTEELLong
by Joassh
Unlocking the Potential of SBI: A Technical AnalysisTechnical Analysis of State Bank of India (SBI) Background: State Bank of India (SBI) is India's largest public sector bank and a major player in the Indian banking industry. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently above the 200-day EMA, indicating a bullish trend. * 200-Day EMA: The 200-day EMA (orange line) is also sloping upwards, further confirming the bullish trend. 2. Relative Strength Index (RSI): * The RSI is currently around 50, suggesting a neutral sentiment. However, the recent upward momentum suggests that the RSI may move into overbought territory soon. 3. Bollinger Bands: * The price is currently trading near the upper Bollinger Band, indicating a potential overbought condition. A pullback towards the middle band or the lower band could be a good buying opportunity. 4. MACD: * The MACD line is above the signal line, indicating a bullish trend. The MACD histogram is also positive, suggesting that the bullish momentum is strong. 5. Volume: * The volume has been increasing recently, suggesting strong buying interest. 6. Fibonacci Retracement: * The recent price pullback has retraced to the 50% Fibonacci level. A break above the 61.8% Fibonacci level could signal a continuation of the uptrend. 7. Support and Resistance Levels: * Support: The 800 level could act as a strong support level. * Resistance: The 900 level could act as a strong resistance level. Trading Strategy: Buy: * Wait for a pullback to the 50% or 61.8% Fibonacci level. * Wait for a bullish crossover of the 50-day EMA above the 200-day EMA. * Look for a bullish divergence between the price and the RSI. Sell: * Wait for a break below the 200-day EMA. * Look for a bearish divergence between the price and the RSI. Stop-Loss: * Place a stop-loss below the nearest support level. Take-Profit: * Set a take-profit target at the nearest resistance level. Additional Indicators: * ADX (Average Directional Index): Measures the strength of the trend. * CCI (Commodity Channel Index): Identifies overbought and oversold conditions. * Stochastic Oscillator: Identifies momentum and potential reversals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:SBIN
by Stock_market_signals
Mahindra & Mahindra: Chart Analysis and Trading SignalsTechnical Analysis of Mahindra & Mahindra Ltd. (M&M) Background: Mahindra & Mahindra Ltd. is a leading Indian multinational conglomerate with diverse business interests, including automobiles, farm equipment, financial services, and real estate. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently below the 200-day EMA, indicating a potential bearish trend. However, the 50-day EMA is starting to flatten out, which could signal a potential reversal. * 200-Day EMA: The 200-day EMA (orange line) is above the 50-day EMA, suggesting a longer-term bullish trend. However, the recent downward slope of the 200-day EMA indicates a weakening of this trend. 2. Relative Strength Index (RSI): * The RSI is currently around 40, suggesting that the stock is oversold. This could indicate a potential rebound in the near future. 3. Bollinger Bands: * The price is currently trading below the lower Bollinger Band, indicating a potential oversold condition. A break above the upper Bollinger Band could signal a bullish breakout. 4. MACD: * The MACD line is below the signal line, indicating a bearish trend. However, the MACD histogram is starting to narrow, which could signal a potential reversal. 5. Volume: * The volume has been declining recently, suggesting a lack of interest from buyers and sellers. Support and Resistance Levels: * Support: The 2,600 level could act as a strong support level. * Resistance: The 3,000 level could act as a strong resistance level. Trading Strategy: Buy: * Wait for a bullish crossover of the 50-day EMA above the 200-day EMA. * Wait for a break above the lower Bollinger Band. * Look for a bullish divergence between the price and the RSI. Sell: * Wait for a bearish crossover of the 50-day EMA below the 200-day EMA. * Wait for a break below the lower Bollinger Band. * Look for a bearish divergence between the price and the RSI. Stop-Loss: * Place a stop-loss below the nearest support level. Take-Profit: * Set a take-profit target at the nearest resistance level. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:M_M
by Stock_market_signals
MAZOCK IS GETTING READY FOR CLEAR UPMOVEMAZDOCK has breaked out of the trendline, the breakout candle is approx 7% candle with volumes gradually picking since last few days The price today 18.10.2024 has taken clear support of 20EMA. Further there is a clear divergence between price and RSI lows in the period 21st August & 7th Oct, 2024, wherein the price has made low levels but RSI lows remains the same. All the above shows a reversal may come in the stock. The Targets can be >>>>> Target 1 = 4860; Target 2= 5095 and Final Target = 5859
NSE:MAZDOCKLong
by sleepingcroc_32
1
Xauusd day trading analysis for education Day trading can be a valid source of income when you invest wisely and make a profit. However, psychological factors like greed and overtrading can lead to losses, while market makers and institutional professionals profit from those mistakes. To succeed, trade wisely and aim for consistent profits, whether daily, weekly, or monthly. For example: A smart gambler rarely loses because they possess an intelligent mind, as well as more information and knowledge. Goodnight. I have closed my last trade for this week. Let’s see what happens with gold next week as I follow the price. I will post perfect analysis with holiday. Next analysis market behaviour of strength
OANDA:XAUUSDLong
by Tradejackify
9
CARTRADE - Ichimoku Breakout📈 Stock Name - Cartrade Tech Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1050. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #largecap #CARTRADE
NSE:CARTRADELong
by nikunjbhadja
Torrent Power MACD crossoverThe price has given a reversal signal from the lower trendline of the channel with MACD Crossover Above Signal Line. Below are some possitive points for a possible bullish move: => There is a strong momentum as price is above short, medium and long term moving average(MA). => There is a strong growth in QoQ EPS in recent results. => Good quarterly growth in the recent results. => Growth in Net Profit with increasing Profit Margin (QoQ) => Increasing profits every quarter for the past 2 quarters. Buy between 1763-1800. Target 1- 1911, Target 2- 1990 and T3- 2090 SL- 1690. Safe traders can exit on Target 2. Note- This is not a recommendation but only for educational purpose.
NSE:TORNTPOWERLong
by pratikrathor777