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STATE BANK OF INDIASTATE BANK OF INDIASTATE BANK OF INDIA

STATE BANK OF INDIA

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SBIN trade ideas

Arrow of time on SBIThis is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience. Pivot point to form at 500, as per arrow of time analysis. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
NSE:SBINShort
by AniketKabir
sbi can bears take controlthe state bank of india seems to have completed 5 waves in the weekly chart under the Ralph Nelson elliott s wave principle.when the impulse wave in the motive phase ends it is time for the bears to take control in the bull market for the ensuing correction.thaecorrective phase is a 3 step movement that culminates in wave C after down up sequence in wave A and wave B. Te weekly macd as well as rsi both shows bearish classical divergence, which shows that the underlying strength of the bulls is waning.can bears act now? will have to wait for the confirmation from candlestick analysis may need bearish engulfing pattern or evening star. or hammer or shooting star. trendline break and sustenance in hourly chart. SL will be high of wave 5, target end of previous fourth wave.around 324.
NSE:SBINShort
by suresh_dc