SBIN1! trade ideas
SBI head and shoulder formation SBI head and shoulder pattern formation taking place can give good move if breaks neck line ......
INTRADAY PICK SALE LEVEL @ 228 FOR TGT 223
WITH STOP 234
228 - BCOZ THAT IS WHERE THE NECKLINE OF HEAD & SHOULDER PATTERN WILL BE BROKEN
NO OTHER PARAMETERS ATTACHED.
disclaimer - study own n enter.
#SBIN heading to ₹100 on longer term chartsState Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1.
Short term charts will be published soon with details on the internal wave counts of the current impulse.
Question on SBIN Futures Intraday /Short TermFresh weakness only if stays below support zone
Bounce to resistance can be used for shorting if market is weak.
Bullish view only if sustains above 196
SBIN fut CMP 187 buy above 188.6 for 190- 192- 193.5- 196- 199+ SBIN fut CMP 187 buy above 188.6 for 190- 192- 193.5- 196- 199+
Always buying Should be bottom from top (candles)
SBIN Near Its TrendlineSBIN is trading towards its trendline and if it breaks and sustains above RS.200 then it will be a good opportunity for a fresh buy. One can go long in SBIN Sep Fut with stop loss of 195.30.
SBIN Looking Good Above 208There is a strong Demand Zone @ 208-210. If it will manage to hold this demand zone then it may est its next Supply Zones 225 and 230.
SBIN fut Short Target 205- 201- 199- 196- 194-193+SBIN fut Short Target 205- 201- 199- 196- 194-193+
