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SBIN trade ideas

SBIN - Breakout with Gap. Can this be a Run-away gap ?The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SBINLong
by TradewithAditya
SBI - Big Daddy of Banks Completing its Symmetric TriangleIn the world of finance, the State Bank of India (SBI) has long held the title of the "Big Daddy of Banks," and its recent chart patterns are garnering attention. A closer look at the weekly charts reveals the formation of a Symmetric Triangle, a powerful technical pattern that often precedes significant price movements. In this post, we explore what this Symmetric Triangle in SBI's weekly charts could mean for investors and traders. Understanding the Symmetric Triangle: The Symmetric Triangle is a pattern characterized by converging trendlines, forming a triangle shape. It represents a period of consolidation and indecision in the market, as buyers and sellers reach an equilibrium. The breakout from this pattern is anticipated to result in a strong directional move, making it a valuable tool for technical analysts. Observing SBI's Weekly Charts: 1. **Trendline Convergence**: On SBI's weekly charts, we can observe the convergence of two trendlines, forming the Symmetric Triangle pattern. This pattern suggests that the Big Daddy of Banks has been coiling within a tightening range, and a breakout is imminent. 2. **Price Compression**: As the price range narrows within the triangle, it reflects a compression of volatility. Traders closely watch for the breakout point, which is likely to lead to a surge in volatility and, consequently, a notable price movement. 3. **Volume Analysis**: Volume analysis is crucial when evaluating chart patterns. Traders often look for a spike in volume at the breakout point to confirm the validity of the move. An increase in volume can provide added conviction to the potential trend reversal or continuation. Implications for Investors and Traders: 1. **Anticipation of a Big Move**: The completion of the Symmetric Triangle suggests that SBI is gearing up for a significant move. Traders can use this information to position themselves strategically, capitalizing on potential price swings. 2. **Breakout Confirmation**: Investors should closely monitor the breakout point. A decisive move above or below the triangle's boundaries will offer confirmation of the pattern's validity and direction. 3. **Risk Management**: As with any trading strategy, risk management is crucial. Setting stop-loss orders and having a clear exit plan can help mitigate potential losses if the market doesn't move as anticipated. 4. **Market Sentiment**: The Symmetric Triangle's breakout can also provide insights into the market sentiment. A bullish breakout may indicate renewed optimism in SBI, while a bearish breakout could signal concerns among investors. Conclusion: As the Big Daddy of Banks completes its Symmetric Triangle on the weekly charts, traders and investors should prepare for a potentially significant market move. Technical analysis, coupled with a thorough understanding of market fundamentals, can help market participants make informed decisions. Stay vigilant, set clear strategies, and keep an eye on the breakout point as SBI takes center stage in the world of financial charts.
NSE:SBINLong
by HappynessPro
1
SBIN Making new Highs over 621 At Present, SBI is at its triple top. Once the Level of 621 is broken, 634, 649, 661 689 are on cards in the near future. On the lower side, 603, 608 should not be broken. 16th is an important date for the stock to break. Have patience. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:SBIN
by rekhi567
1
SBIN Bullish; above 597 on Tuesday 5 Dec.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:SBINLong
by JJ_Breakouts
SBI: Head & ShoulderStock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
NSE:SBINShort
by TradingSutra
2
SBI bank Ready for 600 till recent low not break 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
NSE:SBIN
by JaiPrakashShuklaHarmonicTrader
1
SBIN - Price Swing Levels and Time Analysis 1. SBIN has greatest support between 557.15 and 555.9 marked by the two horizontal green lines. 2. Price has already breached 78.6% and 75% Levels. 3. Candle of 11-25-23 11:26 AM; will decide the future trend of the stock. Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:SBIN
by rekhi567
Learn Support Bounce- For Swing TradingSimply speaking a support is a zone where demand overcomes supply. There are more buy orders than the sell orders at this level, which could force the bids to go higher and hence the stock can rally. I would like to discuss one of the efficient ways to trade support levels. This is not the only way and may not be the perfect one but still with good success rate. There are a few simple points that needs to be followed. 🚀Step 1 There should be a support level from where the stock bounced significantly. Draw a horizontal line from the lowest point of the support. 🚀Step 2 Let the price pullback to this support zone and create a green candle. It could be a pin bar with long wick at the bottom or a full green candle that closes above support. The setup may develop either at or near the support OR after the price breaks through the support and then fakes the break. Both ways we need a green candle above the support zone. 🚀Step 3 Buy few ticks above the high of the pin bar or full bar with stop loss few ticks below these candles. Buying at the close of those bullish candles is another method to further reduce the risk (SL) but the first method will keep you from some awkward positions. 🚀Step 4 Here we are not looking for reversals. We are looking for 50% target of the previous down wave. ⚡Tip1: Now we know the target and stop loss, before entering the trade please confirm that reward is 2 times, or more than the risk involved. Ex if SL is 10 points, then target should be at least 20 points. So, the down wave must be more than 40 points. ⚡Tip2: Once trade starts moving in your direction, keep trailing to bring your stop to breakeven or lock some profit on partial position if your like. I will post some examples in the update section. One is right there on the SBI chart shown above. Two support zones and 3 buying opportunities that worked. Keep boosting for more educational ideas in future. Disclaimer: Examples shown in the idea are not an investment or trading advice. Apply your due diligence and backtest the strategy for good results.
NSE:SBINEducation
by Bravetotrade
3