sbin - buy for a bounceBuy < 572 upto 568
easy tg - 578
sl close below 568
Disclaimer : This is my personal analysis for study purpose not intended for trading.
SID trade ideas
Evening star in SBIN, can it take stock lower?SBIN has given a fall of 7% in this week after forming a double top pattern.
An evening star pattern has been formed on the weekly time frame and stock has closed below the 20 ema.
After trading around the ATH stock has given a nice fall and in the last trading session too it has given 3% fall.
Volume indicator also confirms the pattern as the volume of the red candle is higher than the doji candle formed previously.
A short trade can be initiated in the stock once it starts trading below today's week low. The stock can test 550 levels so as there are high chances of froming lower lows lower highs.
The stock may take a halt candle on the daily charts, as it has formed 4 red candle and is trading between both the moving averages.
If the stock retest higher levels before giving another bearish leg, sell positions can be created once there is a negative candle formation near golden ratio of fibonacci series.
Entry :- Below 571, On bearish candle around 600 levels.
Targets :-555, 505
Stop losses should be created on 1:2 or 1:3 basis.
Positional trades can be initiated in the stock as it may take time to test the levels. Next expiry future or options can be sold as August expiry option will take profit due to time decay.
Wait for the price action near the levels before entering the market.
SBISBI as per me upcoming days are bullish take the support 568 area and make a down break out it can lead to a false break out and take support area 554 area, then again rise .
so as per me stop loss below 554 area target 622 open target, minimum 70 80 points above 630.
This as per me just once cross-check your analysis.
Bearish Shark In SBINBearish Shark In SBI
Sell PRZ - 606 - 609
SL - 621.5 ( Day Closing Basis )
Target - 580/566/554
622 resistance zone, Evening star in the making on weeklySBI is moving in a rising channel, facing resistance at 622 zone. Also there is bearish 3 candle stick pattern getting formed on weekly. For this to get activated price needs to start trading below the bearish candle. However rising channel offers support on the downside.
SBI analysisSo as we can see it broke today’s low , and went down .. let’s wait for the further movement
Good BUY in SBINBuy SBIN @ 540+
For the Targets of 560/ 620/680
Stop Loss 490-495
Reason to take this trade : Taking support from the channel low. / Good Risk to Reward ratio of 1:3
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk
SBIN: Kuch Kuch hogaHi,
An inverted Head & Shoulder is visible on the daily chart of SBIN. One can look to create a fresh Position in the scrip.
One can buy the scrip at around 596-600, SL@584 and Targets are 610/620/630
The risk to reward ratio is 1:2.5
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
INVERSE HEAD AND SHOULDERState bank of india has formed a proper cup and handle pattern on daily time frame and further
i think certain resistance can be faced on 617 level and pullback can be lead the stock to fall for 530 level
Strong candidate for reratingStrong buy with stoploss only 600 my target is 750
Imagine how very good results posted icici & kotak
SBI WEEKLY HARMONIC PATTERN ABCD TGT 700 23-7-23SBI Weekly harmonic pattern + GFS + Buy on dips with SL below 20 SMA for a Target of 700
SBIN will face Intraday resistance As per technical Analysis Looks Like SBIN will face Day Resistance Near 618.20-618.50 considering this ill go for short selling.
Cash Sell SBIN below 613, Stop Loss 617, Target 609,608
Buy SBIN 615 PE Near 7, Sl 5.80, target 10,11,12
Only for Educational Purpose.
SBI can be BTST based on 15 MINS chart for 2% upsideSBI can be BTST based on 15 MINS chart for 2% upside
LTP - 602
SL - 596
Targets - 615 / 625
Timeframe - 2/3 days
SBIN:- Looks good for 5% Upside from the current levelsSBIN:- Looks good for 5% Upside from the current levels with Stop loss at 588 targets are plotted on the charts.
Disclaimer:- Only for educational purposes & Trade with your research & Guidance.
SBIN ..Boom Boom TimeBreakout in Process on Weekly Timeframe ✅.
Can head for potential target of 700 ++ 🎯 . Simple and clean setup for 🚀🚀
My Observations 🔎🔎
SBIN LONGSBIN gave breakout in W chart , trendline
That Trendline got retested in Daily Chart
And Morning Star Pattern formed in Daily Chart.
Go for Long.
1:3
SL Morning Star Low
State Bank of India ( Neowave Forecast)Hi Everyone
This is our final chart of SBI which consist 10 percentage weightage of Bank NIfty. Already posted HDFC bank and ICICI bank (both consist 60 percentage weightage)
With this you will have proper understanding of current and future directions of banknifty. I will update further when the times come, till than happy hunting.
Thank You.
SBIN BLASTTTTTT As per our analysis SBIN Breakout done successfully.
Target 1 593 Done
Target 2 600 waiting
SBIN READY TO FLYSBIN ready to fly. SBIN is on very good consolidation zone of 593. SBIN can take very good support from here.
Targets as follows,
Long Target 600 - 608
SBI Daily chart suggest 6% upside in 10-15 daysSBI Daily chart suggest 6% upside in 10-15 days
LTP - 585
SL - 570
Targets - 625+
Timeframe 10-15 days
