Ready to breakoutSBIN is a great stock at this price. Nice consolidation in this state run bank. Easy 10% in the next 2 months. Maintain SL
SID trade ideas
SBIN - DAY CHART - 01.12.2022 - BAHAVAN CAPITAL STATE BANK OF INDIA posted 29.11.2022 Stock ABOVE 615 TARGET 620 and in few sessions TARGET will be HIT.
Happy Profitable Trading to All....
SBIN - DAY CHART - 28.11.2022 - BAHAVAN CAPITAL STATE BANK OF INDIA as per Day Chart Analysis ABOVE 615 TARGET 620.
Happy Profitable Trading to All...
SBIN: Impulsive Wave 5 has Already BegunSBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA.
At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of 1.618%.
Wave 4 was a choppy move as a triangle. As the price has crossed the 1.00 Fibonacci retracement, safe traders should wave for a pullback.
If the price sustains above 442 , traders can trade above the following targets: 555 - 566 - 575+ .
Invalidation: The 540 level was strong resistance, but now it is a crucial level. Failure of stability will deactivate this setup. Please note that we can't trade without proper risk management. The absence of risk management can wipe out your whole account.
I will update further information soon.
:)
SBIN nice trend following channel 660+ on cards?SBIN has been moving nicely between the channel, the upward target of the channel stands at 650+ but judging by the rally in PSU stocks SBIN can cool off a little and then resume its upward trajectory!
SBI GO FOR HIGHER TARGET🌟HOLD FOR LONG 🤑
SBI Quaterly Result also too good🌟
and, when sustain on this level for few days
we can confirm about thee long run with sbi🌟
SBIN Intraday LongSbin intra day long as it holds higher levels and looks good to buy with strict sl
BANKNIFTY banknifty down side move capture wait for sustan levels below
over all sentiment is beraish.
SBIN 1hour time frame swing trade Sbi make a ascending triangle and nearest breakout if breakout above 602 we take tAke a long position but breakout below 598 then we take a short trade
SBIN case studyCounter is trading in ascending parallel channel structure, few days ago on result day counter gave a gap up opening and now counter have filled the gap,, now closing below 593 would lead to reversal confirmation,
so sustaining below 593 on closing basis and follow through would lead to levels of 579 and 551
going a head,,
if not able to close below small bounce can be seen..
keep watch on levels for this counter
Journey from 150 to 615 How it happenedSurpringly many of Market hypothesis works , but when it works its works in its own strange way
We have been Experiencing the Wave Theory hypothesis in our lives with Grate understanding and results
it does mean that we also experience Grate failure due to complexity of wave theory which i will Explain in another time
This stock we found interesting with grate amount of Negative sentiments when it fell to 150.20 ,
Majority of the time Market makes turnaround when there is bad News , and it did in this stock case also , Fundamentals ware bad and banking Indutry was in
grate risk of collapse ,
I also believe market makers use this kind of opportunity to accumulate the stocks only to Push in the direction of their intrest
I am attaching a chart of my previous post hope you will find it interesting and Knowledgeable
Good luck
long long longSBIN at ATH with wonderful volume support
results awaited
such scale up before results are tempting for more upmove in stocks
daily and weekly RSI above 65 which another + point
#onradar
disclaimer - trade @ own risk
SBINVery good sets of results.
The counter has been in uptrend from quite some time... almost from 525-528 levels.
Expecting profit booking at higher levels..
Have marked some trading levels....
585 being the make or break level.
Like.. Share... follow
SBINClear breakout visible on Weekly charts. Good results declared by company. Looks Bullish with strong momentum.
SBI Bullish OnsetSBI seems cup with handle breakout in daily
rally may continue further
concentrate if price sustain above 593 in 4hrs
[1H] SBIN is reducing their risk nowPrice reached their resistance area so...it will definitely moves down
Technical indicators clearly confirmed this setup.
SBIN looking Good and Bullish.SBIN looking Good and Bullish.
If it breaks 590 level and sustains then
we can look for this targets
600/620/640/660/680/700
In the coming sessions.
SBIN Quarterly Results came with Good Profits.
State Bank of India (SBIN) looks good based on chart formationSBI looks to step out of the consolidation zone after forming a double bottom pattern.
Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock.
Always define your stop loss between 5-8% if your trade fails.
Do read my previous analysis on State Bank here..
State Bank of India BullishEarnings NEWS: State Bank of India reports the highest ever quarterly Net Profit of Rs 13,265 Cr (a growth of 74% YoY). Loans: 20% YoY growth, 4.6% QoQ growth!
Analysis: With Earnings backing the stock (beat on all estimates), I expect the stock to continue the momentum as the strongest PSU bank. Keep a stop loss at 570 and go long for the longer term.
