SID trade ideas
sbin upate 2.0 tackling volatilityDue to event day stock moved 2.40% downside from day's high
with help of schiff pitchfork the price was seen taking support at lower media line which is considered as good support
with current day low price might bounce back to 537 levels and if anything above the 550 zone will be activated again
if price breakdown today's low then it might fill the gap
will update if price goes beyond our analysis either ways
SBI ABOUT TO BREAK RESISTANCE ZONE - CAN FLY AFTER BREAKOUTNSE:SBIN Has reached the breakout zone and now consolidating near breakout. It Can Fly from here if the Resistance is broken with good volume. You can add this for Swing Trade after Breakout, this is also Good for Investment Pick But i Advice you to add for Investment purpose on Dips currently it is on 52 High. If it wll face Pressure here and started downside momet then you can go short for 1st and @nd support Zone
ROUNDING BOTTOM PATTERN (2% RETURN)Buy this at breakout of neckline and convert it into swing trade to gain 2% return in upcoming days.
SBI IS RETESTING ITS 0.618 FIB RETRACEMNT LEVELS Like you can see the chart sbi break its day high and now retesting on its fib retrecemnt level so we can expext 1st target on1.2 retracement level,second at 1.14 retracement level and third at 1.618 level prefer to book profit and of you want to ride bnf rally you should puut your sl ctc and trail.
we can play in options
NOT SEBI REGISTERED
Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]NSE:SBIN
Observations:
1) On 1 day time frame, we can see rounding bottom pattern. And stock is near the resistance zone. Either from here on breakout of this range it can give good up move or if it failed then we can see down fall.
Please refer below chart : 1day Time Frame.
2) Also on 15min time frame, we can see this support channel.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for 03-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SBIN 575 tomorrowSBIN may fly tomorrow, my expectation it will be Gap up opening.
Than may rise more.
My personal view only
Trendline Breakdown after multiple supportTrendline Breakdown after multiple support.
Sell below 530
Target - 518
State Bank of india before budget daysbin currently trading between 518 to 538 price range
i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568
indicators
MFI ;looks normal and strong
TSI : equally good no weakness
ema : price trading above 50 ema indicating bullish sign
NOTE; volatility is expected and will be higher because of event day
PSU banks have posted good results than PVT banks as SBIN been the largecap and leader of Psu scetor it will be getting some sort of event effect, with govt planning on divestments most of the money flow are expected to diverted to SBIN
TRADE ONLY IF YOU SAME CONFLUENCE OR CAN RELATE YOUR IDEAS WITH ME
thanks,
happy trading !!!
Stocks Algo for nifty 100 , tomorrow stocks selection (01-02-22)Dear Friends,
Refer chart for tomorrow stocks Algo..
we have selected four stocks for tomorrow market based on Analysis.
[Turtle] SBIN Budget PlaySell Infratel 580CE.
I am not taking futures buy or sell because I think the overall budget will be bad. So I am playing with options.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
SBIN - Momentum tradeWith most banks producing good results.SBI could produce a super result too..
Long above 543. Keep a stoploss below 520. If there is a results day pop that too could be sold into strength.
Play this for momentum for now considering the markets are volatile.
Note: SBIN was one of the best performing stocks of Jan 2022. Closed at the months high vs correction across the board.
SBINThis stock is showing good strength impulsive move towards north direction, we have witnessed breakout with good intensity of volume, wave counts are also suggesting same along with trend indicators.
breakout with good intensity of volume
wave structure could be like this
macd in weekly
macd in daily
rsi in daily
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
SBIN - Fibonacci Levels - ATHNSE:SBIN is nearing to all time high 543.
It reached the previous All Time High (ATH) resistance zone and trendline resistance level.
On Jan 28th it showed the rejection from top with good bearish candle and Jan 31st it forms a good bullish candle.
Based on the market direction take the trade.
SBI may breakout after a pullbackThough SBI has reached at previous high level, a negative divergence is observed. Moreover there is a doji candle at this top level in 4hr chart. So we can expect a pullback. Let us wait and see what budget is going to trigger.
SBI may breakout right away or after a pullbackSBI is trading at a very crucial level. A strong BO can happen right away or after a pullback. Budget should trigger the move. Detailed explanation is given in the chart
SBIN (State Bank of India) uptrend...Sbin.. inverted head & shoulder break out and near all time high break out.. ↗️
#SBIIN#SBIN
CMP 523.45
Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
SBI Elliot wave long termSBIN Elliot wave analysis
Right now price is about to complete wave 3 and will have long consolidation period before embark on in wave 5 for target price of 800
SBI Bull Flag BreakoutSBI 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.
STATEBANK OF INDIA bullish . Target 609STATE BANK OF INDIA monthly and weekly closing is good. Will cross an all-time high. Target 609
