SbI Bank wave analysis #harishraoytSbi share complete upside wave 5 and 2 or 4 trendline break price go down
SID trade ideas
SBI Bank Weekly analysisThe stock is trading within a bullish channel and currently trading in the middle of the channel.
Within a channel there is a flag pattern. Wait for breakout either side to get further direction.
SbinSbin is in many trader's watch list and the expectations are building up. In daily time frame price is at trend line support. And in one hour chart, price has formed a triangle. Price is bullish if it sustains 596 - 604. Buy above 604 if the triangle break out has volume strength with the stop loss of 598 for the targets 610, 616 and 622. If the price shows bearish strength, then it will try to take support at 578 - 584 level.
SBIDate-30/12/2022
CMP-613.70
Stock trying to move highs with low volumes as per above data.
OI Data-Jan 2023
As per OI Data as on 30/12/2022 total calls-16389 and total puts-13,349
Put Call Ratio=0.81 it indicates bearishness.
Resistance:
Call Strikes= 620(2226 contracts) and 630(2015 contracts)
Support:
Put Strikes=600(2375 contracts) and 580(1889 contracts)
Opinion:
OI Data suggesting stock bearishness and stock also moving high's with low volume.Whoever wants to buy wait for sometime add in tranches.Whoever holding stocks book some profit and reenter at lower prices.
Important:In Jan Q3 Results and Budget sessions will majorly effect Banking stocks.Whoever wants to take any position be carefully analyze the data.
Note:This is my opinion,Please analyze data properly and take positions.No one is responsible for your loss except you.
SBIN is in a downward channel. Price has been trading in a downward channel since November. Like Kotak bank it also forms a downward channel. But it is still trading between the channel and far from giving a breakout.
state bank of indiasbin in 4hrs time formed symmetrical triangle chart pattern. getting support from down side and facing resistance from upper side. waiting for break out in which direction stock will give then we can make 8 to10% return from stock as we can see in chart
SBINSBIN long.
Logic:
1. Long term trend is up.
2. RSI- monthly>60, RSI weekly=60 and RSI daily taken bounce from 40.
3. Daily Fib 0.5 Support,
Manage your risk because risk management is the name of the game.
SBI BANK 1hrSBI BANK chart on 1hr time frame..
Currently it travels descending channel pattern.. SELL ON RISE..
When it brake level 609 on up side it will go up..
Keep add this stock in your watch list..
Go Long with small SLSBI is trading above all major SMA in daily time frame with a rising channel pattern. You can enter here with a very small SL from here.
Swing Trade Setup for SBIN -Fasp Levels
The FASP for SBIN is listed for 11-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
SBI BANK SupportThis analysis is in Daily timeframe Tomorrow if you see a Bullish breakout you can activate the swing,
then you can activate your swing, after that bring your stop-loss to cost and continue your trade...
SBI BANK ANALYSISThis analysis is in 15 minutes timeframe, on Monday if you see any side breakout you can activate the swing,
or try to take a " 1:2 " risk ratio at the start and
then you can activate your swing after that bring your stop loss to cost and continue your trade...
SBIIN BANK long and short opportunityThis analysis Is on a 15 M Timeframe you can activate both short and long
after opening, the market's strong move first take the " 1:2 " target and
then bring your stop-loss to cost and continue your trade...
sbi bank analysis this trade is of 15 m timeframe you can activate swing on both sides {short} {Long}
FIB : SBIN Short Short SBIN
1st SHORT at 600.5
2nd SHORT at 607.45 (If price arrives at this level)
AVG SHORT Price = 603.8
SL BUY at 616.1
Profit booking at 593.5 or trail till 583.5
STATE BANK OF INDIA - DAY CHART - 29.12.2022 - BAHAVAN CAPITALSTATE BANK OF INDIA as per Day Chart Analysis
Stock ABOVE 620 TARGET 624
Happy Profitable Trading to All...
Advance Happy New Year Wishes to All...
SBIN #Watchlist
#SBIN (30TF):-CMP 606 Looks Good ABOVE 611 for more upsides :)
#Disclaimer:-View shared is for educational purposes only.
SBI Triangle StructureSBI is currently trading in Triangle Structure , We can find opportunity in Intraday after breaking triangle upside or downside
GO LONG ON SBINThis is swing trade
The has reached to a important level according fib retracement
The stock can futher can go down in worst case scenario upto 575 whnen banknifty will take support from 42000 or test the levels .
fib rectrament is at .618 which is golden ratio the target will be 660 which is next ratio
This is for educational purpose
SBIN Daily AnalysisMomentum reversal observed.
Rising volume indicates next breakout in SBIN
Target 645
Buy for positional.
Breakdown in SBIN from a short term uptrend Breakdown in SBIN good for intraday trading from a short term uptrend trendline.
