SBINIn sbin we see both sides trade , if it breaks the trendline then we can take the short trade, and if it breaks the resistance then we can take the long trade
SBIN trade ideas
SBIN LongAs mention SBIN going to complete Harmonic Shark Pattern, kindly check the PRZ levels.
.
.
.
Buy when once price go below 480.65 (Penetrate this level) and after that price must be close above 480.65. This is a buy point, Stop loss@470.15 closing basis.
Target 1@494.0
SIP between 480 to 450 Long term target 700Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Flag and pole pattern in SBIN but there is a twistThere is a flag and pole pattern breakout in SBIN. But the breakout is not that much strong as volume is low. So, there is a high chance that it could make a double top or bull trap. It's a kind of wait and watch situation. If it breaks the high with large volume it will be a good swing trade.
Symmetrical Triangle Pattern in SBINSymmetrical Triangle Pattern in SBIN. Traders Keep watching for opportunities on breakout or breakdown.
SBI HAS BROKEN A STRONG SUPPLY ZONE. ASCENDING TRIANGLE PATTERNSBI has broken out of the ascending triangle and also broke a strong supply zone.
The price broke the supply zone and a pullback has been seen. The price took the support of the zone and the trendline successfully.
The target is the height of the ascending triangle above the breakout level. So, it comes out to be around 540.
Stop loss must be placed below 470.
Happy trading :)
SBI LONGLets see if this pattern is unfolding and target is achieved ..
* for eductaional purpose only trade at your own risk
STATE BANK OF INDIA State Bank of India Channel Breakout
SBI was moving between a channel with a support of ₹ 145 and resistance of ₹ 352 since May 2009. In April this year it gave a upper breakout which triggered buying signal in SBI.
state bank of indiaGOOD triangle pattern breaakout . if nifty bank needs to go up this heavy weight needsto perform
Arrow of time on SBIThis is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience.
Pivot point to form at 500, as per arrow of time analysis.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
SBI Bullish ReversalNSE:SBIN
SBIN
State Bank of India at good support.
and may reverse from here. The bearishness was due to Evergrande, China.
Potential long term target of 1400 and aboveBreakout from decade long resistance and successful retest (325) of it has made SBIN with a potential long term target of 1400 and above. Accumulation has happened at lower levels but didn't reach 143 mark at the bottom.
SBINToday SBIN bounced from a trendline in monthly timeframe.
Will it hold this trendline or move towards 150 level?
SBI HEADING FOR 500?Breaking out after a long consolidation. Very nice higher high formation, something big is cooking in SBIN
State Bank of IndiaSBI long term consolidation life time break out and strong Close in weekly.. WAIT and Watch..
sbi can bears take controlthe state bank of india seems to have completed 5 waves in the weekly chart under the Ralph Nelson elliott s wave principle.when the impulse wave in the motive phase ends it is time for the bears to take control in the bull market for the ensuing correction.thaecorrective phase is a 3 step movement that culminates in wave C after down up sequence in wave A and wave B.
Te weekly macd as well as rsi both shows bearish classical divergence, which shows that the underlying strength of the bulls is waning.can bears act now? will have to wait for the confirmation from candlestick analysis may need bearish engulfing pattern or evening star. or hammer or shooting star.
trendline break and sustenance in hourly chart.
SL will be high of wave 5, target end of previous fourth wave.around 324.
