SBIN Weekly Levels May 15-May 19 2023These weekly levels are created using Dynamic Volatility calculation, and Polynomial regression methods to arrive at the proper range for the next week and associated targets.
Buy Above 581.33
Buy Targets 586.64 591.92 596.19 600.46 606.54 610.23 622.83 636.65
Sell Below 574.87
Sell Targets 569.56 564.28 560.01 555.74 549.66 545.97 533.37 519.55
SBKFF trade ideas
SBIN TO ALL TIME HIGHS AGAIN?NSE:SBIN SBIN is showing bullish reversal sign and can achieve 560 level zone easily in coming weeks with buy on deeps strategy (only in new high new low formation) .
current resistance for sbin is at 533/532 zone, above that 540 /538 is the next resistance zone,
best entry will be when sbin hits 540/538 res zone and retests previous resitance of 433/532 and makes it a new support, sl should be be 510 as current support zone is at 521/517 from which sbin can carry on the upside trend move.
SBI Weekly levels May 08-12 2023These weekly levels are created using Dynamic Volatility calculation, and Polynomial regression methods to arrive at the proper range for the next week and associated targets.
Buy Above 579.70
Buy Targets 585.04 590.35 594.65 598.95 605.06 608.77 621.44 635.35
Sell Below 573.20
Sell Targets 567.86 562.55 558.25 553.95 547.84 544.13 531.46 517.55
See the similar levels created for last week (May 01-May 05) for Reference
Buy Above 579.77
Buy Targets 585.82 591.83 596.68 601.54 608.46 612.66 626.98 642.71
Sell Below 572.43
Sell Targets 566.38 560.37 555.52 550.66 543.74 539.54 525.22 509.49
SBIN Likely to hit its All time high(630) AgainSBIN has made breakout of 565 levels and made a close above it.
RSI is above 60 levels and banking sector has outperform nifty with help of this stocks.
SBIN has its earning release on 30th may.
Stock has retested levels of 565 and taken support at that levels which means SBIN is not likely to go below 565 levels.
SBIN has next resistance 595 levels where we can see highest OI build up.
Due to HDFC bank rating there was shakeout in SBIN also.
Let us see whether followup of this shakeout is there or not.
One can trade with SL of 573 levels.
This post is for educational purpose only.
Happy Trading !!!!
SBI : VCP Breakout - Positional (1-3 months minimum)#SBI : VCP Breakout
Positional Call (1-3 months minimum)
>> Entry at cmp or at retracement till safe entry levelz
>> Good Volume Buildup
>> Good strength in Stock
>> Swing Traders can book profits at 5-10% or keep trailing
Trgts : It will test the Previous Swing highs
Keep Liking & sharing for more such Learning
State Bank of India (SBIN) - Long, 5% upside target
Inverted Head and Shoulder formation in SBIN on the hourly chart
Previous resistance has turned into support
Rising volume on Green candles
RSI has moved into the bullish zone and is taking support on the upper band
Long entry at can be made at current price with a stop loss at 524 (Risk reward of 1:4, for full upside target)