SBIN trade ideas
Down side tridline brkaout for sbi Sbi up trend trndline brkout sbi to strong suport 543 zon is buying opportunity
sbi long swing tradesbi price levels marked are in weekly demand zone where institutions are willing to buy.. trade imbalance exists in the weekly demand zone.. institutions or smart money are waiting with infilled buy orders to trap the novice traders... this is for only educationalm purpose and paper trade with no money...
SBIN - Price Swing Levels and Time Analysis
1. SBIN has greatest support between 557.15 and 555.9 marked by the two horizontal green lines.
2. Price has already breached 78.6% and 75% Levels.
3. Candle of 11-25-23 11:26 AM; will decide the future trend of the stock.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Learn Support Bounce- For Swing TradingSimply speaking a support is a zone where demand overcomes supply. There are more buy orders than the sell orders at this level, which could force the bids to go higher and hence the stock can rally.
I would like to discuss one of the efficient ways to trade support levels. This is not the only way and may not be the perfect one but still with good success rate.
There are a few simple points that needs to be followed.
🚀Step 1
There should be a support level from where the stock bounced significantly. Draw a horizontal line from the lowest point of the support.
🚀Step 2
Let the price pullback to this support zone and create a green candle. It could be a pin bar with long wick at the bottom or a full green candle that closes above support.
The setup may develop either at or near the support OR after the price breaks through the support and then fakes the break. Both ways we need a green candle above the support zone.
🚀Step 3
Buy few ticks above the high of the pin bar or full bar with stop loss few ticks below these candles.
Buying at the close of those bullish candles is another method to further reduce the risk (SL) but the first method will keep you from some awkward positions.
🚀Step 4
Here we are not looking for reversals. We are looking for 50% target of the previous down wave.
⚡Tip1:
Now we know the target and stop loss, before entering the trade please confirm that reward is 2 times, or more than the risk involved.
Ex if SL is 10 points, then target should be at least 20 points. So, the down wave must be more than 40 points.
⚡Tip2:
Once trade starts moving in your direction, keep trailing to bring your stop to breakeven or lock some profit on partial position if your like.
I will post some examples in the update section. One is right there on the SBI chart shown above. Two support zones and 3 buying opportunities that worked.
Keep boosting for more educational ideas in future.
Disclaimer: Examples shown in the idea are not an investment or trading advice. Apply your due diligence and backtest the strategy for good results.
Will the rally continue??The stock is at Gap resistance coupled with a trendline resistance. Short term charts are indicating a bounce back again to the gap zone. We will look for divergence from the oscillators around the gap zone.
sbin looks strong on weekly chartsgood closing above the resistance might boosts the confidence of the bulls
SBIN - Weekly AnalysisIn the Weekly Chart of SBIN ,
we can see that; after A Hammer on trendline, we saw a strong upward momentum.
Expecting a pullback and the continuity in momentum.
Possible momentums are shown in chart.
📉 Alert! Bearish Pattern Spotted! 🐻📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling Channel
📌 Symbol/Asset: SBIN
🔍 Description: Stock is in a falling channel and now around the resistance of Law of Polarity. Stock should correct from the resistance if resistance is no broken. If resistance is broken then we can see momentum on a upside.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Join me in the journey to Financial Freedom using SIP SmartlyNSE:SBIN Join me in the journey to Financial Freedom using SIP Smartly. I have decided to keep SIPping good quality stocks when ever I get a Buy alert on my "SIP Smartly" indicator. I will keep posting when ever I get alerts for a stock. You can join me in this journey to your Financial Freedom, together we can achieve that goal.
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2. Buy fixed quantity every time you get a Buy signal or alert.
3. Keep repeating this for all your stocks.
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5. No complex chart, technical analysis, daily trading etc. Just follow simple disciplined steps.... :-)
You can comment me your favourite quality stocks which you want me to check or track...
Looks like a long here:SBIN stock is mostly Bullish. It just gave a good enough breakout so I am in for a long
(Just my idea, trade at your own risk!)
Weak below supportSBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
SBI - State Bank Of IndiaSBI is showing weakness at 550. If it crosses below 550 we can see lower values/ levels of Testing.
head and shoulder pattern (-ve sign)
FOR SELLING below levels are 520, 500 and 475.
FOR Buying it has to show a bullish signal candle and a closing above 575. upper level's first target is of 590, 600, and 620, i.e the head and shoulder pattern showed the failure and we can see a bullish move.
SBIN HnS breakdownclear head and shoulder breakdown on daily timeframe shows there is more downside move can continue, stay cautious ersonally shorted near 611waiting for any reversal candle to close my trade
SBIN near strong support area can go up On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
This is buy on dip types of stocks. This is buy on dip types of stocks.
Low risk best for sip for slow increasing price line and large cap.
Stop loss must. SIP is best as its deviation is usually low.
SBIN | Swing Trade📊 Details
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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$NSE:SBIN Do you believe SBI will go up on Mon 16th ?NSE:SBIN Do you believe SBI will go up on Mon 16th ?
Ignore if huge gap down or gap up.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
inverted head and shoulders on SBIN: State Bank of IndiaA slanting channel on 2 hr time frame, a break out of which can lead towards 620 area and drop from the channel can bring the price to the lower end of the channel or the buffer support area. Beyond which it can retest 550-555 levels.
but on the larger Daily Time Frame, its a head and shoulders in formation and a breakout of which will come above 620.
Do like and leave your thoughts behind.
#Sbi #StateBankofIndia #psubank
SBI formed W pattern in Daily candleSBI formed "W" pattern in daily candle form
Entry - Above 584
SL - Below 554
Target - 600, 620, 640
