SBI BUY ABVE 576 TGT 620Buy only above given level 2 back to back hammer on weekly chart show reversal and creation of demand zone.
Keeping a SL of 550.
SBKFF trade ideas
SBIN - Buying pressure near 200EMAI think will have again buying pressure from 200 EMA ( 565 levels ) strong demand zone ( 555 to 565 levels)
But it kind of chart saying TOP OUT is near so any uptrend will have ...we have to EXIT or BOOK PROFIT
SBIN Daily looking bullishSBIN daily looking bullish, taking support from 200 ema, last swing low support.
Good to buy at 567 for target of 621 with sl below 554
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SBIN three rise method go longSBIN formed three rise setup and go long with SL of 565 very excellent setup with low SL follow Stritct SL
SBIBe watchful as SBI gave a good fall to enter at support and bounced back from there with a bullish harami candle but as we can see a hammer also so we need to be more vigilant before entering any trade. The content provided is for educational and informational purposes only.
sbin - buy for a bounceBuy < 572 upto 568
easy tg - 578
sl close below 568
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Evening star in SBIN, can it take stock lower?SBIN has given a fall of 7% in this week after forming a double top pattern.
An evening star pattern has been formed on the weekly time frame and stock has closed below the 20 ema.
After trading around the ATH stock has given a nice fall and in the last trading session too it has given 3% fall.
Volume indicator also confirms the pattern as the volume of the red candle is higher than the doji candle formed previously.
A short trade can be initiated in the stock once it starts trading below today's week low. The stock can test 550 levels so as there are high chances of froming lower lows lower highs.
The stock may take a halt candle on the daily charts, as it has formed 4 red candle and is trading between both the moving averages.
If the stock retest higher levels before giving another bearish leg, sell positions can be created once there is a negative candle formation near golden ratio of fibonacci series.
Entry :- Below 571, On bearish candle around 600 levels.
Targets :-555, 505
Stop losses should be created on 1:2 or 1:3 basis.
Positional trades can be initiated in the stock as it may take time to test the levels. Next expiry future or options can be sold as August expiry option will take profit due to time decay.
Wait for the price action near the levels before entering the market.
SBISBI as per me upcoming days are bullish take the support 568 area and make a down break out it can lead to a false break out and take support area 554 area, then again rise .
so as per me stop loss below 554 area target 622 open target, minimum 70 80 points above 630.
This as per me just once cross-check your analysis.
Bearish Shark In SBINBearish Shark In SBI
Sell PRZ - 606 - 609
SL - 621.5 ( Day Closing Basis )
Target - 580/566/554
622 resistance zone, Evening star in the making on weeklySBI is moving in a rising channel, facing resistance at 622 zone. Also there is bearish 3 candle stick pattern getting formed on weekly. For this to get activated price needs to start trading below the bearish candle. However rising channel offers support on the downside.
SBI analysisSo as we can see it broke today’s low , and went down .. let’s wait for the further movement
Good BUY in SBINBuy SBIN @ 540+
For the Targets of 560/ 620/680
Stop Loss 490-495
Reason to take this trade : Taking support from the channel low. / Good Risk to Reward ratio of 1:3
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk
SBIN: Kuch Kuch hogaHi,
An inverted Head & Shoulder is visible on the daily chart of SBIN. One can look to create a fresh Position in the scrip.
One can buy the scrip at around 596-600, SL@584 and Targets are 610/620/630
The risk to reward ratio is 1:2.5
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
INVERSE HEAD AND SHOULDERState bank of india has formed a proper cup and handle pattern on daily time frame and further
i think certain resistance can be faced on 617 level and pullback can be lead the stock to fall for 530 level
Strong candidate for reratingStrong buy with stoploss only 600 my target is 750
Imagine how very good results posted icici & kotak
SBI WEEKLY HARMONIC PATTERN ABCD TGT 700 23-7-23SBI Weekly harmonic pattern + GFS + Buy on dips with SL below 20 SMA for a Target of 700
SBIN will face Intraday resistance As per technical Analysis Looks Like SBIN will face Day Resistance Near 618.20-618.50 considering this ill go for short selling.
Cash Sell SBIN below 613, Stop Loss 617, Target 609,608
Buy SBIN 615 PE Near 7, Sl 5.80, target 10,11,12
Only for Educational Purpose.
