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STATE BANK OF INDIASTATE BANK OF INDIASTATE BANK OF INDIA

STATE BANK OF INDIA

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SBIN.T0 trade ideas

State Bank of India for 40% gainsDate: 4 Nov’24 Symbol: SBIN Timeframe: Weekly SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends). Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%). Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SBINLong
by DhandhaPaani
1
SBIN ready to rocketInternational Business The bank has a global footprint with a network of 233 branches/offices in 32 countries. It has presence in USA, Canada, Brazil, Russia, Germany, France, Turkey, Australia, Bangladesh, Nepal, Sri Lanka and other countries. Presently, Overseas business accounts for 3% of total deposits and 13% of total advances. Government Business SBI has always been the banker of choice to the government of India and is the market leader in government business. It had turnover of ~52,50,000 lakh crores and commissions of ~3,700 crores from government business in FY20.
NSE:SBINLong
by TechnicalAnalystSucrit
SBI: Basement Bound? The Bank’s Bargain Hunt Continues!🐻 SBI: Basement Bound? The Bank’s Bargain Hunt Continues! 🛒 SBI is currently trading at 773, but it’s eyeing the escalator down, with potential stops at 744, 714, 692, and if we really squint, 592! It’s as if SBI’s on a mission to explore every floor in the discount department. 📉 With a series of lower levels looming on the chart, we might be witnessing a full-fledged bargain hunt. SBI seems ready to give us all “generous” entry points — assuming you’re feeling brave enough to step in as it descends. After all, why settle for 773 when 592 might just be around the corner? 😅 If this trend keeps up, SBI could end up giving us Black Friday vibes well ahead of schedule! So, for the optimistic contrarians out there, stay vigilant for a bounce. But for now, it looks like this bear might still have a little more room to roam. 🐻 So, watch those levels carefully, folks — and keep your buy orders snugly below, just in case SBI’s “sale” has a few more markdowns in store! 🎢 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
Editors' picks
NSE:SBIN
by DhirajSinghBais
3
State Bank of India (SBIN) Analysis - October 19, 2024 📊 Overview: • SBIN has shown a bullish momentum, closing at ₹820.40 (+1.15%) today with a notable trading volume of 11.705M. • The stock is approaching key resistance levels marked at R1 (₹830) and R2 (₹850), indicating a possible breakout. 🔍 Indicators: 1. Moving Averages: • The price is trading above the 50-day moving average (blue line). • The recent cross of the short-term MA above the long-term MA indicates a possible continuation of the uptrend. 2. RSI : • The RSI is currently at 68.16, approaching overbought territory but not yet signaling an immediate reversal. We may see further upside before a correction. • Past bear signals indicated reversals around these levels, so keep an eye out for divergence in the coming sessions. 3. MACD : • The MACD line (blue) has crossed above the signal line (orange), generating a bullish signal. • Positive histogram bars suggest increasing bullish momentum, which could push the price higher toward resistance levels. 📈 Potential Targets: • Immediate resistance levels: R1 at ₹830 and R2 at ₹850. A breakout above R2 may lead to a move toward ₹880 (R3 level). • Support levels: ₹800 and ₹780 (S1 and S2), which can act as buffers if a pullback occurs. 💡 Conclusion: SBIN shows bullish signs with a potential breakout if it can maintain momentum. Watch for a breakout at R1 and R2, and monitor RSI levels for any potential reversals. Consider key support zones for risk management.
NSE:SBINLong
by rajattview
Unlocking the Potential of SBI: A Technical AnalysisTechnical Analysis of State Bank of India (SBI) Background: State Bank of India (SBI) is India's largest public sector bank and a major player in the Indian banking industry. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently above the 200-day EMA, indicating a bullish trend. * 200-Day EMA: The 200-day EMA (orange line) is also sloping upwards, further confirming the bullish trend. 2. Relative Strength Index (RSI): * The RSI is currently around 50, suggesting a neutral sentiment. However, the recent upward momentum suggests that the RSI may move into overbought territory soon. 3. Bollinger Bands: * The price is currently trading near the upper Bollinger Band, indicating a potential overbought condition. A pullback towards the middle band or the lower band could be a good buying opportunity. 4. MACD: * The MACD line is above the signal line, indicating a bullish trend. The MACD histogram is also positive, suggesting that the bullish momentum is strong. 5. Volume: * The volume has been increasing recently, suggesting strong buying interest. 6. Fibonacci Retracement: * The recent price pullback has retraced to the 50% Fibonacci level. A break above the 61.8% Fibonacci level could signal a continuation of the uptrend. 7. Support and Resistance Levels: * Support: The 800 level could act as a strong support level. * Resistance: The 900 level could act as a strong resistance level. Trading Strategy: Buy: * Wait for a pullback to the 50% or 61.8% Fibonacci level. * Wait for a bullish crossover of the 50-day EMA above the 200-day EMA. * Look for a bullish divergence between the price and the RSI. Sell: * Wait for a break below the 200-day EMA. * Look for a bearish divergence between the price and the RSI. Stop-Loss: * Place a stop-loss below the nearest support level. Take-Profit: * Set a take-profit target at the nearest resistance level. Additional Indicators: * ADX (Average Directional Index): Measures the strength of the trend. * CCI (Commodity Channel Index): Identifies overbought and oversold conditions. * Stochastic Oscillator: Identifies momentum and potential reversals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:SBIN
by Stock_market_signals
Technical Analysis - Elliott Waves of SBINThis analysis is based on Elliott Wave theory and is for educational purposes only. It does not constitute financial advice. Key Observations: Ascending Diagonal Triangle: The price action appears to be forming an ascending diagonal triangle pattern, suggesting a potential bullish breakout. Wave Structure: The current price movement could be interpreted as an impulse wave, with a strong possibility of a fifth wave extension. Invalidation Level: The 732.00 level acts as a critical invalidation point. A break below this level would negate the bullish outlook. Potential Target: A breakout above the triangle's upper boundary could lead to a significant price increase, with a potential projection around the 920.00 level and more Overall Outlook: The technical analysis based on Elliott Waves suggests a bullish bias for SBIN. However, it's essential to monitor the price action closely and be prepared to adjust the analysis if the market's behaviour deviates from the expected pattern. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBINLong
by RK_Chaarts
2
the trend is intactSBI CMP 799.75 Trendlines- this alteration of support becoming resistance and vise versa is an indication of a stock which is expanding. I mentioned this time and again that trendline acts like a timing tool. The stock is at the trendline and is all set to move north. Fib- the 38.2% fib retracement is telling me the stock is in a strong bull trend. RSI - Bouncing off from above the bull zone is telling the bull trend is intact. Conclusion - the stock is all set to go north.
NSE:SBINLong
by singh17vivek
Demand supply trader # GTFSBIN Weekly Income trade ( dated 23-09-2024) Score : 7 ( 12/14) 1. Freshness : 3 2. Strength : 2 3. Time at the base : 2 4. Sector support : Yes 5. EMA 20 : 1 ( closed above ema 20) 6. Golden/Death crossover : no 7. Gaps : no 8. Candlesticks : 1 9. RSI divergence :1 (PRD at location and monthly too) Other : 1. Top down approach : back from ATH 2. Trend suport at ITF : no 3. If 2nd no , then confirmation entry : yes pending 4. Aggressive / conservative : conservative 5. Krishna / bhishmaptamah location : yes 6. RR check : in favour( BUT itf sz not tested yet ) 7. Best sz/dz execution : yes 8. Achievement of DZ/SZ : yes 9. selling / buying pressure : yes 10. Authenticity of Execution TF : yes
NSE:SBINLong
by Heerpatel060400
SBIN Support & Resistance the support and resistance levels for State Bank of India (SBIN). Based on the information provided: Support Levels: 1. Support Level 1: 779.68 INR 2. Support Level 2: 783.08 INR Resistance Levels: 1. Resistance Level 1: 790.28 INR 2. Resistance Level 2: 804.97 INR These levels can be helpful for traders and investors to make informed decisions about their trades in SBIN stock. It's important to monitor the market conditions as these levels may change based on price movements.
NSE:SBINLong
by EmpireCrown