NSE:SBIN reached 2 targets and bagged 2.5 %, 3rd target updated.NSE:SBIN
#NSE:SBIN noted good momentum and booked 2.5 % profits till now, 3rd level marked for practice.
Happy LEarning.
SID trade ideas
State Bank Of IndiaState Bank Of India ltd.
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 biggest 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.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Supertrend become positive in today's session.
2. Positive crossover in alligator.
3. Stock trade in a specific range.
FUNDAMENTAL ANALYSIS.
SECTOR: Bank - Public
1. MARKET CAP - ₹ 4,39,760.23 Cr.
2. P/E - 15.16
3. P/B - 1.74
4. ROE - 9.31 %
5. ROCE - 6.49%
6. EPS - ₹ 32.51
7. CASA % - 45.40
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning #banking
SBIN AT RESISTANCE ZONE This idea is for those who is looking sbin for intraday this can be a top as this is a crucial resistance zone for intraday to watch on
long above this zone .
Double top formed for the SBI SBI has formed double top formation which is bearish movement and the stock can move to 450 levels. Please take position as per your analysis and safe trade
Intraday setup sbin on march 11thSee the chart and prepare your own trade
Keep strict sl
Risk reward should be more than 1:2
Maximum trades 2-3 per day
Don’t take revenge trades
Disclaimer: iam not sebi registered I and iam not responsible for any profit and loss
SBIN ViewThe View of SBIN
The Stock is at its support level
The Daily Candle form a reversal tendency .
The War is still on,
SBIN SWING TRADEsbi taking support from demand zone
entry can be considered at this point between 427-429
targets
447 1 st target
460 2nd target
#SBIN #SBIN
CMP - 461
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
SBI - Harmonic PatternPSU banks have been doing well for the past one year and SBI has reported stellar returns for the past few quarters. Expect SBI to make another bull run towards all time high from the marked levels. Wait for an reversal candle to enter.
TWO WAY TRADE / Change in Polarity / Double TOP1. from 4th May to 6th Sept traded in a parallel channel, In 2nd week of September it gives Break-Out and goes up to 542.
2. Now, in starting of 2nd week of November, Bears took control and by providing huge Supply they have been able to get down the stock price till 443.
3. Between 20'Dec'21 ~ 27'Dec'21, was considered as accumulation (where volumes increases but price moves in a small range) period. After that, again a big rally up to 549 can be seen.
4. 31st Jan'22 ~ 11th Feb'22, Distribution Phase (where seller maintain higher prices until the shares are sold) and stock drops down to 457.
5. In between, a BOOKISH DOJI is formed which shows complete confusion.
6. Change in Polarity: Once what was a RESISTANCE before, is now working as a SUPPORT.
7.DOUBLE TOP : if support gets break, targets for double top is equals to size of Pattern formed, i.e. 410/404.
8. If stock able to sustain close to the support & Fresh demand comes, then the stock will move to the bullish side.
Long #SBIN for TGT - 540 , Swing Trade- Reason - 100 DMALong #SBIN for TGT - 540 , Swing Trade- Reason - 100 DMA
SBIN Intraday view !!SBIN : cmp: 498.4
On the verge of break down.
Making lower lows for 3 days.. Facing resistance near 511-516 level.
Closed below 50 DEMA . RSI trending down.
May test 489/481 level.
View negated above 506 level.
Sell on rise candidate.
Can take position in future and option also. FEB 500PE can be look after.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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SBIN is on very IMP Demand zone.If SBIN is breakdown demand zone then we looking for TGT . & If sbin is not broke the demand zone then we buy SBI,
State Bank of India : What should be the next support ?I have drawn trend lines of State Bank of India for tomorrow. These are just for learning purpose. Examine these lines during live market. All the horizontal lines are the supports n resistances for tomorrow, where 500 is the middle or centre point. Hence, 500 should be considered as major support n resistance for tomorrow.
#Sbin cash : Looks good sell below 499#Sbin cash -Positional call
14.02.2022
Looks good sell only below 499
stoploss 507
Target 480-486
Cmp 501.40
Buy SBIN @520-530, SL 440 tgt 650-725Giving a good buy.
Will break it's high in the coming quarter and give a good upside. I am expecting 20-35% upside.
SL is 440
TGT 650-725
OVERVIEW OF SBIN looking # BEARISHThere's a good oppourtunity for sell , details are mentioned in the pic.
NSE:SBIN LevelsNSE:SBIN
#SBIN All levels marked on chart,
Got rejection from resistance and trading @ Support now.
