SID trade ideas
SBI: IMPULSE UNFOLDINGStock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will only delay the downward trajectory.
Trading strategy:
Sell on cmp add on rise, keeping SL of 557 look for the target of 500/480 .
intraday sbinboth side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
BUY : SBI , swing tradein.tradingview.com
In the recent days there has been a heavy selling pressure on BankNifty, icing on top being outperformance by Nifty IT. SBI along with other banks suffered due to the ADANI fiasco. But things seem to be settling now and SBI has shown resilience for 520-525 levels.
There have been two instances one on the budget day 1 Feb, and the other on the following day 2nd Feb where SBi tested sub 500 levels but closed above 521 on both occassions. Now it seems that the selling pressure might be over for an intermediate term and accounting for the same, one can attempt a BUY trade on SBI at 527-528 levels where a strict Closing basis stop loss should be kept at 521.
Targets can be in range 543-545. Given the expiry is close, we cannot rule out a short covering in Banknifty given the negative sentiments in recent times and with it we can vouch on a healthy participation of SBI with Banknifty's upmove.
PS : Markets are still choppy, keep your trading position sizes in control.
SBI towards crucial support zones SBI the largest public sector bank is forming a head & shoulder pattern on weekly charts along with a breach of neckline support from where early breakout occurred. given that ads negative trend strength is rising , If the momentum support at psi 40 breaches along with a confluence support breach of bottom trendline from 2020, then it could be retesting the previous swing low at 500 & if could not find help there could be heading to swing low near fib retracement 38 neat 450.
Sbi Super Negative On Weekly & Daily ChartSbi Study : Cmp 531
Last 3 Weeks Lowest Closing.
All The Technical Parameters Super Negative On D + W Charts.
Immediate Super Strong Resistance At 565 ( Day Closing Basis )
No Major Up-move Expected Until Give Weekly Close Above 605
Sell On Rise With SL Of 565 ( Day Closing Basis )
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
SBIN Swing TradeSBIN at Support Zone.
Entry
Go Long when it make strong bullish candle near support zone.
Target
Target will be the next resistance zone. as marked on chart.
Stoploss
Stoploss below the support zone.
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intraday sbin Flag and Pole patternavoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Sbin Intraday Chart Sbin Intraday Chart. Stock near Resistance zone. If Breakout Come we can see 570,580+ target.
15 Min analysis of Stocks of SBIN on 10 feb 202315 Min analysis of Stocks of SBIN on 10 feb 2023 , here view is short provided it Goes dowon
LEVEL TO WACTH SBI
NSE:SBIN
The stock is consolidted as we can see in 1 hours time frame
There is box formed between 555 and 540 for 3 days .
If it breaks there will be great movenment either way
It is for educational purpose
SBIN Weekly time FrameSbin Weekly time frame is in Uptrend .. Next will be Bullish For Bank Nifty and Sbin too .. Major Trendline Support
intradayBoth side potential.
consolidating in small range
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
SBI Bank SMC Patterns Short Opportunity--------------------------------------DISCLIMER--------------------------------------------------
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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SBI Bank Level's
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Trade : Sell at 587 SL 598 ( 10-11 Points SL)
Target will be : 568 / 537
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We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice
This only for study purpose.
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Thank you
Trading Cafe 24
Buy SBI @ CMPBuy SBi @ CMP with stoploss of 500 tgt are given on the chart.as per the chart and data id is oversold with improving rsi.
SBI 4hr,04.03.2023Publishing my idea about SBI, actually SBI breaks its yearly level 551 , so it could act as a resistance for some time, if day candle closes above it
it could give some security to price
price is near upper of a small channel also forming a triangle pattern
SBINSBIN has declared highest quarterly profit ever. So i recommend one yo buy sbin at 544 and accumulate st 520 and 500 with a stoploss 490 and target 570 600 and 620
Buy long in SBIOn daily time frame its oversold, you can target for 600 to 620 easily!!
If you wanna hold you can hold too !!
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = SBIN
Time Frame = 15 min
