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State Bank of India

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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
SBI Analysis!! Will SBI move as per Double Bottom(W)Pattern??SBI Daily Analysis Double Bottom Pattern Formation in SBI SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of projected profit. Will se what happens? Entry = Above 568 Target = 1) 605.85 2) 649.85 Stop Loss = Below 554.90 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
NSE:SBINLong
by Avinash9087