SBI analysisSo as we can see it broke today’s low , and went down .. let’s wait for the further movement
Trade ideas
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.
SBI can be BTST based on 15 MINS chart for 2% upsideSBI can be BTST based on 15 MINS chart for 2% upside
LTP - 602
SL - 596
Targets - 615 / 625
Timeframe - 2/3 days
SBIN:- Looks good for 5% Upside from the current levelsSBIN:- Looks good for 5% Upside from the current levels with Stop loss at 588 targets are plotted on the charts.
Disclaimer:- Only for educational purposes & Trade with your research & Guidance.
SBIN ..Boom Boom TimeBreakout in Process on Weekly Timeframe ✅.
Can head for potential target of 700 ++ 🎯 . Simple and clean setup for 🚀🚀
My Observations 🔎🔎
SBIN LONGSBIN gave breakout in W chart , trendline
That Trendline got retested in Daily Chart
And Morning Star Pattern formed in Daily Chart.
Go for Long.
1:3
SL Morning Star Low
State Bank of India ( Neowave Forecast)Hi Everyone
This is our final chart of SBI which consist 10 percentage weightage of Bank NIfty. Already posted HDFC bank and ICICI bank (both consist 60 percentage weightage)
With this you will have proper understanding of current and future directions of banknifty. I will update further when the times come, till than happy hunting.
Thank You.
SBIN BLASTTTTTT As per our analysis SBIN Breakout done successfully.
Target 1 593 Done
Target 2 600 waiting
SBIN READY TO FLYSBIN ready to fly. SBIN is on very good consolidation zone of 593. SBIN can take very good support from here.
Targets as follows,
Long Target 600 - 608
SBI Daily chart suggest 6% upside in 10-15 daysSBI Daily chart suggest 6% upside in 10-15 days
LTP - 585
SL - 570
Targets - 625+
Timeframe 10-15 days
SBIN Looks Bullish SBIN looks Bullish if it break resistance of 597 then probably it will test 615,620 level, but due to any other circumstances if its break 584-582 level then we can see downmove and it will test 565,560 and 550 level so wait for mention level.
Hedge Strategy
Buy SBIN 600 PE Near 13, SL 10, and Buy SBIN future above 601, Stop Loss 591, target 610,615,620 Investment Required 45000
Maximum Loss 8500
Profit upto 20000
SBI continuation of weekly uptrendSBIN gives a weekly closing of 593.60 and also hits a higher high. Previous swing high zone of 622 can be immediate targets.
SBIN ShortSBI is at an attractive price for shorting at the levels marked. SL does not take into account Liquidity sweeps. To confirm on short entry, wait for creation of Wyckoff or Choch near the zone in lower TF say 15min and then enter.
SBINSBIN:- Head and shoulders pattern forming on the hourly time frame
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SBI technical analysis by Time cycleSBI can move upside after 18th July 2023 as per time cycle. and than big move will come on after 26th Dec 2023
View: now on short time some correction may happening to 520-500 level
sbi likely to dive into 540we can clearly see that its trend is reversed downward and on or before this expiry it should test 543. it should bounce back from there else this trend might go more downward
