Trade ideas
SBIN continue??SBIN can give a good up move for swing and positional basis with a decent stop-loss
ENTRY- 760
STOPLOSS - 752
TARGETS - 775, 780, 785++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thank you
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
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
SBI- Monthly Channel BreakoutDescending channel , top trendline connects the resistance points (lower highs) and bottom trendline connects the points of support (lower lows).The price broke out of the descending channel twice and rallies 15-20%.
Volume - low during correction phase and spike in today's session.
RSI - indicating momentum and relative strength in stock.
Fibonacci Retracement Levels - 78.6%
15 min chart
Descending channel breakout
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