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!)
SBIN trade ideas
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.
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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.
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#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
sbin chart 1 day time framethis chart will help the people for the find target easily and find the strategy
Buysince it breaks out the recent trend and expecting price will move higher from current level.
Best entry would be around the restesting area
Short term SBIN LONGSBIN is looking good for long..
RSI is showing some strength and price is taking pull back from Monthly CPR.
go shortSBIN - short trade for target 590-587.7
reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level
u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1
disclaimer - trade @ own risk
SBI symmetrical triangle breakout SBI attempt to symmetrical triangle breakout confirmed with high volume, moreover scrip is trading above its EMA 21 which is a positive sign for the uptrend, hence, it is advised to initiate position in this stock with the initial target of 620-625 and keep SL at 580-585.
Largest Public sector bankHere, is the chart of Largest Public sector bank - SBIN....
What's your opinion? Bullish or Bearish?
SBI rr tradeSbi can climb up from here if holds 586.. cn buy in range oof 586-589 with 582 as stop loss for 600 620 targets.. Only taking trade for high risk reward
SBI 1DSBI formed w pattern on daily basis and also retracement done, is this good time to take entry.. !!!
