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STATE BANK OF INDIA

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SBIN.T0 trade ideas

Market Analysis of 29th September 2021 and Trade RecommendationsViews On Nifty & Bank Nifty: Market Indices opened low taking cues from global markets. However, market participants returned to buy and took the market up. Despite this market closed in the RED. Data Analysis: As observed today DIIs bought heavily in cash market while FIIs were net sellers. As Informed yesterday FIIs are creating more short positions as compared to long positions in Index Futures. Though the changes in Index calls and puts are nominal. I believe today’s up move will be short lived and tomorrow may close below 17500. India VIX is high.US and European markets are in deep red. Check Asian markets in the morning. Nifty PCR: 0.789 BN PCR: 0.8902 Trade Recommendations for 27th Sep – 1st Oct 2021: 1. Ashok Leyland (129.35): Bullish. One can go Long and stay if RSI > 60. 2. Bank Of Baroda (81.70): Bullish. One can go Long and stay if RSI > 60. 3. BHEL (62.80): Bullish. One can go Long and stay if RSI > 60. 4. Can Bank (168.15): Bullish. One can go Long and stay if RSI > 60. 5. Gail (156.30): Bullish. Expect correction. Buy on Dip. 6. National Alum (94.40): Bullish. One can go Long and stay if RSI > 60. 7. SBI Bank (460): Bullish. One can go Long and stay if RSI > 60.
NSE:SBIN
by billionairebosss
Above 670 Will Touch Sky...Keep An EyeAs we Saw Good 40-50 points Rally last week and took resistance from 670 and failed to break it... now the senario is like kind of Retrectment and channale pattern.. Now Strong Resistnace @ 451-455 Strong Support @ 435-430 If It Break 455 we will see further up move till 470 and then IMP Resistnace..if break then will touch sky with 1-2% retrecment If It break 435 we will see more down move till 410-400...Strong Strong Strong Support ....Hard to break it...
NSE:SBINLong
by Darshaann
SBIN Mega BOI didnt have to draw a lot of lines and channels.. its all auto here actually. The Nifty PSU is also making a very large inverted head and shoulder. If all goes well SBI can show 600 levels very soon. I have earlier posted on another view on SBIN and seemed to have mostly achieved the target. If this goes through very large targets in SBI. * This is only here for learning purposes. Please trade your hard earned money on a registered stock market expert. I am a newbie trader :) Godspeed!
NSE:SBINLong
by DoublebassmaniawithPranav
SBIN State Bank of IndiaI have been following charts which are moving from low to high. The ones which already went up and then coming down, are not the ones performing bullishly atleast in the pandemic times. SBIN was one of the stock chart which was going from a low to high level. I am bullish on SBIN not because of the move today, I have been following this one for a while. 560 to 600 looks like a good movement for SBIN in coming days. *This is only a chart pattern analysis and not a buying recommendation. Please consult a registered stock market expert before trading / investing your hard earned money.
NSE:SBINLong
by DoublebassmaniawithPranav
📈 Pre-open MTF #PriceAction Analysis by #KRMG (21 Sep)👉 Stock 2- #SBIN 👉 Sector - Bank 👨🏻‍🏫 Analysis Timeframes - Hourly and 15 min (Intra) 🎯 Commentary - It has strongly fallen nearly from 468 level which was its ALL TIME HIGH as per hourly timeframe and now it is trading below to its important Support of 443 level Yesterday on its way to downtrend it got strong rejections from PDL Level and continued the downtrend till day end It has space till 430 on downside if it sustains below CZ, and may even reach near 425 level if convincingly closed below 435 🎯 Coming to sectoral pattern - #NiftyBank is trying to sustain its ALL TIME HIGH Level #KRMGPriceAction #LearnWithKRMG
NSE:SBIN
by KR_Market_Gurukul
“Consolidation Range” Breakout On the weekly chart, the stock has witnessed “Consolidation Range” breakout at 450 levels on a closing basis along with rising volumes. • The stock continue to form a series of higher Tops and higher Bottoms which signals strong up trend across all the time frames 20 September, 2021 • The stock is well placed above its 20- weeks SMA which reconfirms upside momentum • The weekly Bollinger Band buy signal also reconfirmed rising momentum • The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength. • The above analysis indicate an upside of 490-507 levels
NSE:SBINLong
by tusharvispute1
STATE BANK OF INDIA IS IN TIGHT CONSILADATION (ANALYSIS OF SBIN)A breakout from a consolidation pattern signals a victory by either buyers or sellers over the other. Standard breakout trading techniques include buying long and covering short when prices break through the resistance level , or selling short and covering long when prices drop below support. More conservative traders look for some confirmation before entering these trades, either through analytical tools or continued price action. Consolidation Strategies It is common for a support level to become the new resistance point after a bearish breakout and for a resistance level to form support after a bullish breakout. Sometimes consolidations show triangle or pennant patterns, making it possible to execute continuation strategies. Before determining how to trade a consolidation, identify how long the pattern has held. There are no appreciable time restraints on a consolidation. Intraday consolidation can last for only a few minutes or hours. If you look for active intraday trading, consult technical analysis software for dynamic information updates. Some consolidation patterns last for days, weeks, or even months or years. These patterns are susceptible to false breakouts, making it important to seek confirmation of prices before looking to capitalize on a trend. Countertraders and contrarians can still trade on narrowly consolidated stocks, but there is often less room for profit due to the small range.
NSE:SBIN
by capitalsmack