SBI - Long Idea* Stock is testing the demand zone
* Long wicks indicating buyers activity
Target 1, 2 & 3 are mentioned in the chart
Note: This analysis reflects my personal opinion and should not be taken as professional financial advice.
SBKFF trade ideas
SBIN Making new Highs over 621
At Present, SBI is at its triple top. Once the Level of 621 is broken, 634, 649, 661 689 are on cards in the near future. On the lower side, 603, 608 should not be broken. 16th is an important date for the stock to break. Have patience.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
SBIN may form DowntrendSBIN may be downtrend , see the support levels . major resistance there in so may months, focus on it
SBIN Bullish; above 597 on Tuesday 5 Dec.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
SBI: Head & ShoulderStock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95
THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
2 Amazing swing trade ideas for 5 December I daily make educational content videos for swing / positional trading
300 crores in an hour! Can under valued stock? can SBI?Why to choose? Aim for long term only.
1. Under valued stock,
2. Support breakout,
3. Head and Shoulder Pattern,
4. Break out with volume.
Thanks for Day Trader Telugu and other masters helped me to learn markets.
I am not a SEBI registered Adviser,
please do your own analysis or consult
financial adviser for Entry, stop loss or
Target.
SBIN Swing TradeBanks fell badly (especially SBIN & SBI Card) after the new RBI card rules, which was a drastic reaction.
SBIN seems to have formed strong support at 550. I expect SBI to hit at least 600 before falling.
SBI BankCMP 564
Blue trend line is support
Orange trend line is target
Buy 560-565
Target 620+ Swing trading
SBI bank Ready for 600 till recent low not break 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
Down side tridline brkaout for sbi Sbi up trend trndline brkout sbi to strong suport 543 zon is buying opportunity
sbi long swing tradesbi price levels marked are in weekly demand zone where institutions are willing to buy.. trade imbalance exists in the weekly demand zone.. institutions or smart money are waiting with infilled buy orders to trap the novice traders... this is for only educationalm purpose and paper trade with no money...
SBIN - Price Swing Levels and Time Analysis
1. SBIN has greatest support between 557.15 and 555.9 marked by the two horizontal green lines.
2. Price has already breached 78.6% and 75% Levels.
3. Candle of 11-25-23 11:26 AM; will decide the future trend of the stock.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Learn Support Bounce- For Swing TradingSimply speaking a support is a zone where demand overcomes supply. There are more buy orders than the sell orders at this level, which could force the bids to go higher and hence the stock can rally.
I would like to discuss one of the efficient ways to trade support levels. This is not the only way and may not be the perfect one but still with good success rate.
There are a few simple points that needs to be followed.
🚀Step 1
There should be a support level from where the stock bounced significantly. Draw a horizontal line from the lowest point of the support.
🚀Step 2
Let the price pullback to this support zone and create a green candle. It could be a pin bar with long wick at the bottom or a full green candle that closes above support.
The setup may develop either at or near the support OR after the price breaks through the support and then fakes the break. Both ways we need a green candle above the support zone.
🚀Step 3
Buy few ticks above the high of the pin bar or full bar with stop loss few ticks below these candles.
Buying at the close of those bullish candles is another method to further reduce the risk (SL) but the first method will keep you from some awkward positions.
🚀Step 4
Here we are not looking for reversals. We are looking for 50% target of the previous down wave.
⚡Tip1:
Now we know the target and stop loss, before entering the trade please confirm that reward is 2 times, or more than the risk involved.
Ex if SL is 10 points, then target should be at least 20 points. So, the down wave must be more than 40 points.
⚡Tip2:
Once trade starts moving in your direction, keep trailing to bring your stop to breakeven or lock some profit on partial position if your like.
I will post some examples in the update section. One is right there on the SBI chart shown above. Two support zones and 3 buying opportunities that worked.
Keep boosting for more educational ideas in future.
Disclaimer: Examples shown in the idea are not an investment or trading advice. Apply your due diligence and backtest the strategy for good results.
Will the rally continue??The stock is at Gap resistance coupled with a trendline resistance. Short term charts are indicating a bounce back again to the gap zone. We will look for divergence from the oscillators around the gap zone.
sbin looks strong on weekly chartsgood closing above the resistance might boosts the confidence of the bulls
SBIN - Weekly AnalysisIn the Weekly Chart of SBIN ,
we can see that; after A Hammer on trendline, we saw a strong upward momentum.
Expecting a pullback and the continuity in momentum.
Possible momentums are shown in chart.
📉 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.
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Looks like a long here:SBIN stock is mostly Bullish. It just gave a good enough breakout so I am in for a long
(Just my idea, trade at your own risk!)
Weak below supportSBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
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.
