#SBINStock is consolidating in a range from 9 months.. can be accumulated at CMP 518 with SL 510.. for breakout above 530.. Target 630
SBIA trade ideas
STATE BANK OF INDIA _BREAKOUT INVERTED H&SSBI seems clear breakout in daily chart. Its look like a Inverted H&S, neckline breakout happened. keep concentrate for the upcoming mentioned targets.
SBI to Correct soon.SBIN moved one-way from 440 to 540, resting only once around 500
Now SBI is currently standing at resistance levels, after oneside move, a breakout trade on long side after such rally has the least probability of success.
Now as seen SBI clocked high volumes of the 440 to 540 leg at the highest level around 540, this shows supply is coming.
Even if SBI breaks out it won't offer much upmove, after around 20-22% upmove. hence will be avoiding new longs, those who already have positions form lower levels can part book positions and hold rest with trailing SL 510.
Going into results day where stock has rallied in a particular direction, expecting the momentum to continue has low Reward.
Hence a limited upside view on SBIN
SBI BankThe overall banking sector is suitable for buying opportunities, SBI Bank has been the most appropriate stock for a long and it is near to all-time high, if there is any pull bank it would be buying on deeps.
SBI : CRUCIAL RESISTANCE#SBI at its crucial resistance 530. Sbi tries to break this resistance for more than 2 years. Its seems weakning this time. With strong buy pressure.
SBIN to give a massive breakout soon??!!Judging by the structure, massive consolidation and convergence of various EMAs, it looks like SBIN is heading for the sky!! As the results were declared tomorrow and were not so great, that's a perfect sign for me that its going to launch!! Lets see.
Worth making investment bet now? Worth making investment bet now?
This answer is uncertain for all the stocks. No one can predict future. Stock has already given a Triangle BO and now facing resistance at zone mentioned in the chart. Any dip upto 490 WCB should be bought!
STATE BANK OF INDIA Sbi weekly chart anyalisis bullish currrent cmp 542 en*ty 545-552 tgt 567/598/650/683+++ ignore belw 521 closing
short STATE BANK for t1 536 t2 426 T3 495 with stop loss 551short STATE BANK for t1 536 t2 495 with stop loss 551
Keep and eye on SBI!SBIN is testing it's resistance for the third time and there is a high probability that it can give a breakout this time.
BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through.
3 scenarios are possible;
Scenario 1
Breakout in the range of 543 and move upside to the range of 577-585, This can be the first Target.
Scenario 2
Breakout in the range of 543 and test this range as support before giving an up move.
Scenario 3
In case the stock fails to give a breakout, the immediate support would be 520. If it takes this support, further up move can be expected after a bit of consolidation.
Please perform your due diligence before taking any trade and set a stop loss according to your risk appetite.
Happy Trading :)
SBIN Weekly 01-05 Aug 2022 Gann S/R Levels.#SBIN 's weekly Support and Resistance levels According to Gann price Square where SBIN can take a support and face resistance in coming week
levels with # are most important among those levels.
SBIN Quick Profit SBIN has broken past its neckline and is moving towards its long awaited resistance level after forming a beautiful double bottom, a long trade can be taken on break of resistance on high volume.
Target: To previous High 536.75
Keep It Simple
STATE BANK OF INDIA WEEKLY BREAKOUTState bank of India becoming strong on weekly charts with breaking downtrend resistance line and gives breakout on relative strength indicator and seems good buying absorptions too which is indicating coming good volumes and higher prices
CAUSE OF LONG-:
1- Falling resistance trendline breakout
2- Relative strength indicator breakout
3- Good buying absorptions indicating resumption of up moves in this counter
GO LONG ON SBIN INTRADAY TRADE] NSE:SBIN
This is intraday trade.
The stock is at 20 moving average
The will give 540 target and can get resistances from l ife time resistances
This is for educational purpose
SBIN - INTRADAY - 526 - 530 targetsSBIN has given cup n handle pattern brkout, we can look at targets of 526 and then 530 levels.
SBI bank - Short term Bullish trendSBIN is now trading inside channel, for short term there is more possibility for bulllishish.
Entry at 480 : stoploss at 450:
Avoid aggressive entry, take entry after retracemnt.
Aftert breaking channel bullish trend will starts.
Do your own analysis before taking entry.
SBIN - 26th July 2022Stock hitting Resistance Zone of 526 - 505.
Bulls can try to book profit from these levels.
Bears can try to push markets lower from here
[Intraday] SBIN Short IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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SBI NEW 52 WEEK HIGH CANDIDATE BUY SBIN 507-510 SL 482 TARGET 550-DKM SIR
Buy at these level
something is cooking in SBI bank
buy and hold as per your risk
SBIN - Ichimoku Bullish BreakoutStock Name - State Bank Of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross the key psychological Level of 500.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
SBIN
NSE:SBIN
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
SBI bank for long entryLong SBI above 475 SL 455 Target 495-500. Today bullish candle with BO has been seen on the daily chart. RSI Above 60 again the strong showing in the stock. Swing trade opportunity. This is for your educational purpose only.
