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SBIN trade ideas

TWO WAY TRADE / Change in Polarity / Double TOP1. from 4th May to 6th Sept traded in a parallel channel, In 2nd week of September it gives Break-Out and goes up to 542. 2. Now, in starting of 2nd week of November, Bears took control and by providing huge Supply they have been able to get down the stock price till 443. 3. Between 20'Dec'21 ~ 27'Dec'21, was considered as accumulation (where volumes increases but price moves in a small range) period. After that, again a big rally up to 549 can be seen. 4. 31st Jan'22 ~ 11th Feb'22, Distribution Phase (where seller maintain higher prices until the shares are sold) and stock drops down to 457. 5. In between, a BOOKISH DOJI is formed which shows complete confusion. 6. Change in Polarity: Once what was a RESISTANCE before, is now working as a SUPPORT. 7.DOUBLE TOP : if support gets break, targets for double top is equals to size of Pattern formed, i.e. 410/404. 8. If stock able to sustain close to the support & Fresh demand comes, then the stock will move to the bullish side.
NSE:SBIN
by VibhutiSharma
SBIN Intraday view !!SBIN : cmp: 498.4 On the verge of break down. Making lower lows for 3 days.. Facing resistance near 511-516 level. Closed below 50 DEMA . RSI trending down. May test 489/481 level. View negated above 506 level. Sell on rise candidate. Can take position in future and option also. FEB 500PE can be look after. if it opens lower wait for the bounce for shorting. Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally. If you find this helpful and want more trading/Investment Ideas. Please show your support back, LIKE & COMMENT ❤️ Your Support is very much appreciated ❤️
NSE:SBINShort
by MyKEYtoSENSEX
Simple Trade Setup | SBIN | 04-02-2022 [INTRADAY]NSE:SBIN Again selecting this stock. All the trade setup and levels will remain same. Trade Setup for 04-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SBIN
by Trading_hawk
1