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SBIN trade ideas

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
NSE:SBINShort
by varadtambolkar
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 :)
NSE:SBINLong
by Naren_Abbaraju
5
[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. ======= 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. ======= 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. ======= 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. =======
NSE:SBINShort
by Amit_Ghosh
1