SBKFF trade ideas
SBI Triangle - Breakout or Breakdown?SBI is at a crucial point, breakout or breakdown with volumes of this pattern will decide its long term trend.
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)
#SBIN Analysis Stock has retested its major support of 490 levels and again volume build up is seen, very soon ATH may be seen.
consolidation in small rangeboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
SBI India Long from support trendlineSBIN Took support from multiyear support trendline and is ready to touch 650+ levels. SL of 40 points for RR 1:3
STATE BANK OF INDIA TARGET 568STATE BANK OF INDIA is under inverse head and shoulder in the intraday chart. 533 is the breaking point for inverse head and shoulder. If it sustains in the day above 533 it will reach the first resistance of 553 and then it will reach 568
Short on SBI chartCMP 542 , Target 450 , Time frame March 2023, Looking at the monthly charts from here we see a doji condle is formed at the upper end of the bollinger band at the January month followed by downtrend on Feb month . Expecting the SBI charts to show downtrend till 450 by March expiry.
#SBINPlease keep in watch list. This stock is taking support multiple times at the same level. Break down of this level will give good momentum
SBI - 1 Hr- Elliott WaveHere is the Elliott wave analysis of SBI on 1 Hr Tf, the following are the inferences.
1. Security is in the downtrend.
2. Wave C is getting completed, major correction is going on.
3. Wave C is generally impulsive in nature, i.e results in sharp correction either time/price-wise.
4. First target already achieved.
5. 2-3 targets marked with fib projections.
It might also change direction for an up-move, but that will be a sell-on-rise opportunity until a proper impulse starts upwards.
Views are personal, only for educational purposes!
Please don't treat this as trading advice.
SBIN 1D (20 MARCH 2023)NSE:SBIN
sbin was in downtrend. its falling when it took bounce from bottomtake reverse from fib 50%which 566.35 drawn in the chart.
short near 560 strong resistance.
Strong support level :520
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
this is only for educational purpose. before taking trade take advice from your financial advisor.
SBIN 4HR NSE:SBIN
upside more resistance market need more energy to go upside and it may consolidate. if it doesnot sustained above then it will come downside.
SBIN: 560-580 Make or Break zone SBIN
- The stock has seen a nice recovery over the last couple of days rising from the Budget day low of 499.35 to 567.9 today
Observations
- The zone o 560-580 is very important for SBIN
- Black Line of Resistance coincides with Yellow Downtrend Line at around 580 odd levels
- 61.8 Fib retracement level is also at 579.80
Making the current zone all more important.
Bulls need a sustainable price movement above 580 levels for further rally.
If gets resisted then SBIN may resume it's down trend again
On the lower side the Blue Line may be looked at first Line of Support.
My trading strategy
Bear Call Spread strategy.
Exit if SBIN closing above 585 on daily charts.
Take care and Plan your trade accordingly...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
SbinPrice is consolidating in a narrow range. Buy above 565 with the stop loss of 560 for the targets 570, 575 and 580. Sell below 550 with the stop loss of 555 for the targets 545. 540 and 535.
STATE BANK OF INDIA/NSE/BUYNSE:SBIN is at great support and has potential for a bull market as NSE:BANKNIFTY is also down.
I have been following this stock and on 22nd Feb around 50% of the volume was taken delivery as per NSE data.
This means people are buying NSE:SBIN .
Being a Passive Investor I usually sell put options because if situation goes against my trade I can still buy the stock later.
I feel one can make at least 5% from this trade.
Now I am running at a 1.5% profit
29MAR2023 480PE - ₹ 5 (sell)
29MAR2023 460PE - ₹ 2.75(buy)-------------------- JUST FOR DECREASING THE MARGIN
SBIN BullishSbin closing 536.7 with stoploss 520 then targets are 560-590.
Buying Reason,
1 --> Price give a reversal.
2 --> Reversal from #Support.
3 --> Rsi is show Bullish Divergence.
4 --> ADX show bullish move and +DMI Rise.
SBIN hourly chartSBIN chart on 1 hours moving average crossover- bullish sign mid term.
if break 526 level and hold then go upward. level draw in chart.
I am not recommendation buy or sell.. those level only educational purpose.
SBI: IMPULSE UNFOLDINGStock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will only delay the downward trajectory.
Trading strategy:
Sell on cmp add on rise, keeping SL of 557 look for the target of 500/480 .
