STATE BANK OF INDIABUY @ 648.25
TARGET 1 @ 693.45 RS
TARGET 2 @ 722 RS
BUYING CONFIRMATIONS: Rounding bottom breakout and symmetrical triangle breakout in a weekly timeframe with good volume
Overall expected returns are around 11.17%
SBIN trade ideas
SBIN - Upside potential of 29%SBIN has posted highest ever profits and revenues and trading at a PE of 7.64 which is very low compared to it's own median PE of 5yr - 12.9. Stock is under pressure and consolidating as Bank Nifty is not moving.
T1- 620 - Next resistance level - Quick 8% gain
T2- 736 - CWH pattern - 29% gain - Should reach once Bank Nifty moves as Financials strongly supports
SBI stockIn SBI chart we can see a RSI divergence in daily time frame, and its give a momentum around 125 points from 600 level, its also in All time high level . As per the data if it will break 700 level then we can see a down side of 50points toward 670 level.
Note : All given ideas are educational purpose only.
#sbi #stocks #nifty
SBIN as said yesterday 685 tail SL to 710 and hold Target 790 +SBIN buy given from 620 now at 750 near hold it for 790 Target
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
SBIN LONGSBIN forming Cup & Handle pattern in WTF, with neckline at 621.65
- BO of C&H Pattern (Good base
formed for 1 year)
- Retested BO level of 621.65
- Small Flag & Pole structure formed,
given with volumes on higher side
- Also RS turning +ve after 7 months
- Target 1 - 744 (based on C&H),
Target 2 - 811 based on larger F&P
- ATH reached today
This is for educational purpose only. Do your own study before investing.
SBI price action.SBI form triangle pattern on weekly chart. If break and sustain above 620 weekly. It may test700-750 in next 2-3 months.
Sbin sell side Sbin sell if it breakdown trendline I know sbin in buying trend but my Target 1% to 1.5% if trendline break down and see my previous analysis stock and index
Sbi till 684 not break buy on dip buy given near 620On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
State Bank of India - Is a five wave advanceSBI, or the state bank of India, first formed a triangle and then a five-wave move higher. The triangle itself is a pattern that proceeds the final move in a particular direction. By that nature, it mostly occurs in wave B or wave 4 of a trend. So, irrespective of what the triangle meant, the next rally is a five-wave move that can end something. A higher degree chart is needed to understand what it can end. If we close down for the day, it can be presumed that wave 5 of 5 was completed at today's high. This would hold true till the high is not surpassed. If it is surpassed, we would extend wave 5 of 5 to an extended rally .
Swing Opportunity in SBIN-- inside candle breakout on monthly TF
-- channal breakout on daily TF
-- good volume
-- banknifty also lokking bullish
NSE:SBIN | INDIA | SWING | ANALYSISSBIN forming Bullish Pennant pattern. This might be good for swing trading.
Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI
SBI : PSU Bank solid Bearish setup ?? Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: SBIN
🔍 Description: Stock is in Rising channel.
and now Stock is around the resistance of the rising channel.
We can see downside of 18-20% if 730 levels are intact !!
Huge shorting opportunity !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
SBIN 20% this year?By seeing the trend lines and support and resistance, and also fib retracement, SBIN has the chance to test 628 first and 706 next this year
SBIN
Price has decisively cleared its horizontal resistance zone between 620 and 630.
Stock is currently forming a Flag Pattern above the said zone.
The ongoing up-move is expected to continue, and prices are expected to test 710 (161.8% FR Level).
Bullish view remains intact as long as price stays above 600.
SBI bank buy given 625 , 675 Target hit next 690+ On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Good Breakout SBI aftert retesting of cup & handle brakout upside movement stats .Buy for terget Rs. 750
potential swing SBINsbin is ready for some good juicy upside as can be seen in the charts, getting good support from 21 ema on weekly tf,overall all psu are bullish which makes it one more reason to add it for upcoming months and relax.
DO NOT COPY TRADES IAM NOT SEBI REGISTERED CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
SBI 675 and 698 Target support 635 buying given near 620On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
SBIN short term viewBuy SBIN @ current price or try to buy it near 600 if it comes to 600.
my Target for SBIN is 660 in few weeks.
Exit SBIN if it close below 600 on D chart.
!! Radha Radha !!
Looks good 02 Feb 2024
Breakout retest done WKTF
Good volumes ON WKTF
Take entry once next candle breaks off current candle
RS week but seems improving
No overhead resistance
PSUs are performing
