BSE:SBIN Breaking out in Cycle Degree wave 3 Long way to go higher.
SBIN has been moving nicely between the channel, the upward target of the channel stands at 650+ but judging by the rally in PSU stocks SBIN can cool off a little and then resume its upward trajectory!
Buy SBI!! Double Bottom Pattern in 1D Time Frame. Target 575 Buy Above 540 Target 575 SL - 500 All The Best!! Note: This is just for educational purposes. I am not SEBI registered. Do consult your financial advisor before investing.
Using Turtle Trading technique Target - 570 Stop Loss - 500 EMA (20)
SBI has broken out of its bullish flag consolidation zone on the weekly chart. This is also a breakout away from the 1.618 Fib zone. We expect bullish push in the stock in the coming weeks with 670 as the measured move as well as next Fib zone target.
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
once above 490 , next resistance at 530 levels price bounced back from 150sma for education purposes only
trend and pattern analysis 1- breakout confirm at steep trend line 2 - multiple retest and supports at support location (yellow arrows) 3 - resistance turned support (red arrows) generated area of high confluence, expected to move down till confluence area and take up from there. check levels on charts
SBI looking good above 470. If it sustains 470 SBI can easily climb 530. Positional Trade setup
STATE BANK is Still bullish Trend so i can Expect market will continue rally.
watch price action at this levels and initiate buy
sbi has given a breakout buying will only be possible if price sustains above the resistance trend line! this is not a tradding / financial advice pls seek your financial advisor before entering the market!
Parabolic nose dive and the price just closed below 200 Ema on hourly chart. Downward movement can be expected till 369.
chart moved down the support region of last one month and VWAP seem to be at higher level to take support.. i.e. possible short selling opportunities. wait for couple of candle rejection to double sure.
Seems Breakout in SBI