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State Bank of India

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SBKFF trade ideas

SBIN Swing for 30 days**Technical Analysis for State Bank of India (SBIN):** **Stock Symbol:** SBIN **Timeframe:** 1-Day (1D) **Pattern:** Bullish Pennant **Entry Condition:** If the 1-day candle closes above ₹653. **Stop Loss:** Set a stop-loss at ₹631 to manage potential risks. **Target Prices:** 1. First Target: ₹700 2. Second Target: ₹720 **Trade Duration:** Short-term swing trade with an expected target completion within a month. **Disclaimer:** The provided analysis is based on technical indicators and patterns observed in the market. Trading in stocks involves risks, and past performance is not indicative of future results. It is important to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. The mentioned entry and exit points are suggestions and not guaranteed outcomes. The market is subject to change, and unforeseen events may impact stock prices. The user is solely responsible for their investment decisions.
NSE:SBINLong
by hunterhunt777
SBI: A Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach). Trading strategy: Buy on CMP 642, add on dips, keeping the SL of 627 look for the target of 660/680-85
NSE:SBINLong
by TradingSutra
SBINMarket Capital: 5,53,192 Cr. Stock P/E: 8.11 ROCE: 5.20% Company has delivered good profit growth of 76.1% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 17.3% Company's working capital requirements have reduced from 152 days to 118 days Symmetrical Triangle Pattern Breakout on Weekly Time Frame with good Volume. Dip Buying Signal was @ 596 on daily as per our Customized Indicator, Targets: 637, 678, 719, 759, SL: 555DCB Fresh Entry: 630 Above Target: 750, 820 ++ SL: 565 WCB Remark: Short Term Disclaimer: Strictly for Educational and Learning Purpose.
NSE:SBIN
by financebysujit
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
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