SBIN ..Boom Boom TimeBreakout in Process on Weekly Timeframe ✅.
Can head for potential target of 700 ++ 🎯 . Simple and clean setup for 🚀🚀
My Observations 🔎🔎
SBIN trade ideas
SBIN LONGSBIN gave breakout in W chart , trendline
That Trendline got retested in Daily Chart
And Morning Star Pattern formed in Daily Chart.
Go for Long.
1:3
SL Morning Star Low
State Bank of India ( Neowave Forecast)Hi Everyone
This is our final chart of SBI which consist 10 percentage weightage of Bank NIfty. Already posted HDFC bank and ICICI bank (both consist 60 percentage weightage)
With this you will have proper understanding of current and future directions of banknifty. I will update further when the times come, till than happy hunting.
Thank You.
SBIN BLASTTTTTT As per our analysis SBIN Breakout done successfully.
Target 1 593 Done
Target 2 600 waiting
SBIN READY TO FLYSBIN ready to fly. SBIN is on very good consolidation zone of 593. SBIN can take very good support from here.
Targets as follows,
Long Target 600 - 608
SBI Daily chart suggest 6% upside in 10-15 daysSBI Daily chart suggest 6% upside in 10-15 days
LTP - 585
SL - 570
Targets - 625+
Timeframe 10-15 days
SBIN Looks Bullish SBIN looks Bullish if it break resistance of 597 then probably it will test 615,620 level, but due to any other circumstances if its break 584-582 level then we can see downmove and it will test 565,560 and 550 level so wait for mention level.
Hedge Strategy
Buy SBIN 600 PE Near 13, SL 10, and Buy SBIN future above 601, Stop Loss 591, target 610,615,620 Investment Required 45000
Maximum Loss 8500
Profit upto 20000
SBI continuation of weekly uptrendSBIN gives a weekly closing of 593.60 and also hits a higher high. Previous swing high zone of 622 can be immediate targets.
SBIN ShortSBI is at an attractive price for shorting at the levels marked. SL does not take into account Liquidity sweeps. To confirm on short entry, wait for creation of Wyckoff or Choch near the zone in lower TF say 15min and then enter.
SBINSBIN:- Head and shoulders pattern forming on the hourly time frame
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SBI technical analysis by Time cycleSBI can move upside after 18th July 2023 as per time cycle. and than big move will come on after 26th Dec 2023
View: now on short time some correction may happening to 520-500 level
sbi likely to dive into 540we can clearly see that its trend is reversed downward and on or before this expiry it should test 543. it should bounce back from there else this trend might go more downward
Going to Bounce - Buy time July monthHolding in monthly support.. Go for July calls Target 570,580...600.. Research and Trade take your own risk..
SBIN Rising channelSBIN is touching bottom of rising channel on daily TF and can reach 680 in coming days. Keep stop loss 568 for target of 680. Good for swing trading
SBIN 29th JUNE-1x 29JUN2023 600CE - ₹ 3.65
+1x 29JUN2023 620CE - ₹ 1.15
Prob. of Profit- 81.88%
Max. Profit-₹ +3,750(7.34%)
Required Margin -- ₹ +51,084
PCR-0.60
At the 600 strike level, 14,580,000 of OI which is the highest CALL selling
There was a 2,499,000 OI change.
577 is a crucial level for SBIN, but as the candles are getting smaller in size 1Hr time frame, this could be a sign of trend change, but still, the sellers are in charge.
SELLING SBI FLAG AND POLEinverse flag and pole visible on charts. on daily charts after high of 590 there is double top and slipped clearing showing lack of interest in banking sector, shorting sbin 578 for 562 and 552 sl 582.
Ascending TriangleThis scrip is displaying an ascending Triangle which indicates more demand with a constant supply,
chances of break out are high, could see a move above the levels marked.
Wait and watch, RSI indicates a divergence
SBI ShortSBI has changed its character from Bullish to Bearish after breaking levels and closing below 516.25.
I will look for sell at the zones marked and wait for the target in upcoming days. Small SL is a must and target is big.
Breakout expected in SBIN Triangle pattern breakout once done price will move up or down side movement....
This is for educational purposes only...
Weekly indices Roundup 03/06/23 I look at the daily charts at the end of the week across sectors and market cap. Do analysis of price structure and RSI.
hey! Let's go for some intraday Trades!here's chance of 12 downfall....chance to take profit ! NSE:SBIN NSE:BANKNIFTY NSE:NIFTY BSE:SENSEX
