📉 Alert! Bearish Pattern Spotted! 🐻📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling Channel
📌 Symbol/Asset: SBIN
🔍 Description: Stock is in a falling channel and now around the resistance of Law of Polarity. Stock should correct from the resistance if resistance is no broken. If resistance is broken then we can see momentum on a upside.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
SBKFF trade ideas
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SBI - State Bank Of IndiaSBI is showing weakness at 550. If it crosses below 550 we can see lower values/ levels of Testing.
head and shoulder pattern (-ve sign)
FOR SELLING below levels are 520, 500 and 475.
FOR Buying it has to show a bullish signal candle and a closing above 575. upper level's first target is of 590, 600, and 620, i.e the head and shoulder pattern showed the failure and we can see a bullish move.
SBIN near strong support area can go up 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
SBIN | Swing Trade📊 Details
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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inverted head and shoulders on SBIN: State Bank of IndiaA slanting channel on 2 hr time frame, a break out of which can lead towards 620 area and drop from the channel can bring the price to the lower end of the channel or the buffer support area. Beyond which it can retest 550-555 levels.
but on the larger Daily Time Frame, its a head and shoulders in formation and a breakout of which will come above 620.
Do like and leave your thoughts behind.
#Sbi #StateBankofIndia #psubank
SBI symmetrical triangle breakout SBI attempt to symmetrical triangle breakout confirmed with high volume, moreover scrip is trading above its EMA 21 which is a positive sign for the uptrend, hence, it is advised to initiate position in this stock with the initial target of 620-625 and keep SL at 580-585.