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STATE BANK OF INDIA

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SBIN trade ideas

SBIN BreakoutMarket Analysis The breakout occurred with strong volume, indicating robust investor interest. This price level of 826, which previously acted as a resistance, has now been convincingly surpassed, signaling a potential upward trend for SBI. Technical Indicators The relative strength index (RSI) is firmly in the bullish territory, further bolstering our confidence in this breakout. Moreover, the moving averages are trending upwards, which is yet another positive sign. Bullish Outlook With these bullish indicators, we could see SBI continue its upward trajectory. The next resistance level to watch is at 850. If SBI can sustain above this level, we could see a further rise in the share price. Risk Management As always, it's critical to maintain a balanced portfolio and adhere to your risk management principles. Ensure that you have stop-loss orders in place and are prepared to adjust your position should the market conditions change. Closing Thoughts This breakout represents a potentially profitable opportunity for those looking to go long on SBI. However, remember that all investments carry risk, and it's essential to conduct your thorough research and analysis before making any investment decisions.
NSE:SBINLong
by sumitsharma717
1
SBI Bank Channel Breakout and Bullish Flag PatternDetails: Asset: State Bank of India (SBI) Pattern: Channel breakout and Bullish Flag Breakout Level: Above 800 Potential Targets: Projection based on channel width or flagpole height, or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: State Bank of India (SBI) is exhibiting a channel breakout above the 800 level, indicating a potential shift in sentiment. Additionally, the price action resembles a bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a period of consolidation in the shape of a flag. The breakout above 800 suggests the possibility of a significant upmove, considering the bullish pattern formation. Possibilities: Bullish Momentum: The channel breakout and bullish flag pattern suggest the presence of bullish momentum in SBI. Projection Targets: Potential upside targets can be estimated by measuring the width of the channel or the height of the flagpole and extrapolating it from the breakout point. Confirmation: Confirmation of the breakout and pattern validity with sustained trading volume would provide further conviction for the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. As always, it's important to conduct thorough analysis and consider risk management strategies before initiating any trades or investments.
NSE:SBINLong
by CyborgTradingHub
SbinPrice is testing the trend line now. Trend deciding level is 748 - 752. Sustaining above this will make the price bullish. Buy above 753 with the stop loss of 748 for the targets 758, 764, 770 and 776. Sell below 745 with the stop loss of 750 for the targets 740, 735, 730 and 724. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:SBIN
by vanathi
How to exit a stock-How to enter exit a stock after fresh entry - Example - #SBIN Pic 1- Suppose we enter a stock below after breakout, also volumes have built up nicely at entry. Pic 2- Keep trailing the stock until previous low is not broken, in example (see red, green line which will be our TSL). Stock broke the TSL at blue line which will be our exit point. Pic 3- Another way to exit is by applying fibonacci extension from high to low (as marked near entry points). The exit comes when the stock breakdown at 1.618 or 2.618. So our exit comes at breakdown of 2.618 in given example. #Nifty #TradingView #StockMarket #trading
NSE:SBIN
by Rohitkhetwani