TARGET HIT SBIN!!We have hit our targets in sbin in just 2 days🙌
You can continue the trade with a trailing stoploss and it still has very good upside potential !!
SBIN.T0 trade ideas
SBI Short Possibility on a 15 min chartSell below 425.8
SL
Target on chart
Stochastic sell and supoport if goes,can give a good downside
SBI BULLISH MOVE - short term + long termSBI has made double bottum in 15 mints chart, and it has already made a bullish trend
Check out my analysis for more accurate targets & important levels.
SBI buy possibilityBuy possibility at current price.
SL to watch - below 405
Targets to watch - 1:2 1:3.
Swing Opportunity in SBINGo Long above 421.4 for Targets of 435.3, 449.2, and 463.1 with SL 407.5
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
Sbin - BullishVCP at play
Broken with Good Volumes
All good banks on the verge of Out Performance
Looks great for 434 - 448 levels again
BUY SBIMarket Cap
₹ 368,096 Cr.
Current Price
₹ 412
High / Low
₹ 467 / 176
Stock P/E
14.7
Book Value
₹ 309
Dividend Yield
0.97 %
ROCE
4.53 %
ROE
8.21 %
Face Value
₹ 1.00
SBIN SWING TRADEAfter a long streak of downfall, SBIN has finally taken recovery from an important support . After breaking an important resistance SBIN can become a beautiful short covering trade. This is a swing trade and not an intraday trade. SBIN could continue its up move even after the 3rd target and could be chased further by trailing stoploss. The immediate stoploss after entry should be maintained at the 50 ema .
[Positional] SBIN Price Action OverviewNote -
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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