SID trade ideas
SBI Long TradeSBIN has completed A-B-C Correction and new impluse may start.
There are divergences seen in RSI which indicated seller are losing strengths.
There was also short covering in October futures which is also buy signal as people who were short in SBIN are booking there profits and buyer making new buying position.
Traders are requested to do their own analysis and please put comment.
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BULLISH on SBIN (Weekly)NSE:SBIN
The prices have given the breakout from the trendline on the weekly chart. This view is for 6 to 12 months. The rest of the explanation is on the chart.
SBIN - H and S - Positional ShortSBIN Formed a head and shoulders and the price is at neckline.
At crucial Trend line support.
So move below 531/530 would make SBIN reach target of 510.
(Positional Short)
Trade not active yet.
Is SBIN on a re-test zone ??State bank of India, A heavy weight PSU bank is showing strength, Yesterday we saw good selling pressure on this scrip but unfortunately sellers failed to push and buyers taking the price higher. If price sustains above 550 then possibly we can see a strong upmove in this stock. keep in radar
#note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor.
Thank You.
SBI LONG might be a retracementAll the details in the chart
Preferably cash segment.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
sbi bnk on chart shows some good opportunities ahead you may lose you may gain but you must learn every single time you enter arena that's build a warrior out of you....good luck
SBIN-Tweezer Top Candlestick Pattern Formed...SBIN- Stock Has Formed Bearish Reversal Candlestick Pattern Tweezer Top Weekly Chart. Short Below-530.Stop Loss-580.Expect a Target-500/440.only Education Purpose...
SBI INTRADAY ANALYSISSbi is at its support level of Rs 550 major banks have shown a given a breakdown which indicates a bearishness in the trend which may influence sbi as well. Once price closes below Rs 550 support level in a 15 or 5 min chart, a short position can be created.
SBIN - Big BangSBI Trading all-time high.
Entry slightly above today's High 574.40
SL 1:1.5
Trail based on the Stock Strength
SBINSBIN LTD.
The company cannot be ignored.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's most giant corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the ₹ 5-trillion market capitalization on the Indian stock exchanges for the first time.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock is successfully sustained on the previous high.
2. Stock makes new All-Time-High.
3. Delivery volume is constantly on average level.
4. Stock close within the 52-week high zone.
FUNDAMENTAL ANALYSIS.
SECTOR: Bank - Public
1. MARKET CAP - ₹ 5,10,893 Cr.
2. Capital Adequacy Ratio - 14.50%
3. Net Interest Margin - 3.34%
4. Gross NPA - 4.77%
5. Net NPA - 1.23%
6. CASA Ratio - 45.15%
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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SBI - Cup & HandleAnother example of cup and handle pattern in play. This time SBI on a daily time frame. There is a probability of 100+ rupees on the upside if the current rally in it sustains. Made from one of the charting tools in TradingView.
Negative Divergence in SBI. sell if trendline is broken.Negative Divergence in SBI. sell if trendline is broken.
SBI Long tern my view of SBIN... let's wait for its move. as per analysis it should touch around 600 before returning back to take relief
After breakout SBI retestingSBI gave a breakout but breakout don't have much volume. Now looks like its retesting. Let's see what will happen...
what you think?
sbi target markedSBI broke out its channel on weekly 25jul22, at 514 level, retested around511 on weekly 29aug22 and broke all hurdles on weekly 5th sep22, channel breakout target comes around 600 level and can expect it to go to 630 as well (if we draw channel's upper line to wick then target comes around 630)
SBIN [flag]bullish flag with break-out ...
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our calls please consult your financial advisors. Thanks
SBI#SBIN IHnS formation which may take this to 650
CMP 573.. Banknifty is very strong and all big Banks are still having lot of steam left
SBIN fib levels for swing trade (Learning purpose)* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
SBIN - Breakout of ATH level - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
STATE BANK OF INDIA sbi cmp 553 tg 567/581/601/625 ignore below 532 just education purpose only not buy or sell recommendation
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
STATE BANK OF INDIA (POLE & PENNANT BO)STATE BANK OF INDIA
On Weekly Basis Time Frame the Stock has given a Good BO Last Week of Pole & Pennant Pattern & Follow up Buying is also seen in Current Week on Chart
So as per Chart the Stock looks Good for Medium to Long Term Position as per the Levels given below:
CMP - 555.70 or BoD 530
Target 1 - 600
Target 2 - 638
Target 3 - 676 + + +
SL - 507
Time Frame - Medium to Long Term
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
