State bank of India On the Daily chart trading between Range of 430- 545 from last 2-3 months.
Currently Stock has hit the Higher side of the Range i.e. 545 and a Doji Candle formation followed by Bearish Engulfing candle Pattern formation is observed near Resistance levels. Also banking stocks looked to be over heated so there can be some correction in the...
Clear and Classical Double Bottom Pattern Seen in SBI, Looking to Go Long on SBIN Future (@ CMP 487) For the Targets 520 And Stoploss below Swing low 475
hi this sbin mar fut day analysis learn the price action and tech analysis don't jump wait for stock to come on 20 sma then take decison rest all is moh maya
Beautifully following upward trending parallel channel. two possibilities occur here.
1. Might be keep trending like this and go till 585-600 levels
2. Come down till 490-500 levels then proceed towards 600 levels.
Technically on the daily charts we see major support on the downside @ 450 levels, whereas minor resistance on the upside is capped around 266 level
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and State Bank of India can Lead towards higher levels around 475/501 levels in Short Term very quickly .
For...
Stock has given a breakout from down trend.
At Gap Resistance.
Small Dips to 370 can be bought
SL around 364
Staying above 373 can move towards 380/387
SBIN is under consolidation since a month , so finally after waiting for such a long time it has come under bearish zone. There has been a huge Gap up of 30 points on 5th feb , so now it can fill that gap easily , one should wait for a profit of atleast 30 points .
successful is a person who holds his winning trade , new trader will cut the profit making trade...
NSE 
