SBKFF trade ideas
intradayBoth side potential.
consolidating in small range
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
SBI Bank SMC Patterns Short Opportunity--------------------------------------DISCLIMER--------------------------------------------------
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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SBI Bank Level's
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Trade : Sell at 587 SL 598 ( 10-11 Points SL)
Target will be : 568 / 537
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We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice
This only for study purpose.
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Thank you
Trading Cafe 24
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = SBIN
Time Frame = 15 min
State Bank Of India Break Support on One Day Time Frame 2023 State Bank Of India One Day Chart Analysis For Investing and Trading
SBI Just Break Support Zone on One Day Chart - ( 540 - 550 )
If Breadown will Continue then Down Side Targets are Given Below
First Target - 502
Second Target - 480
Third Target - 433
NIFTY50 and BANKNIFTY also break Major Supports on Day Time Frame if Down Fall will Continue then there is Good Opprtunity For Traders by Shorting SBI in Future or Buying PUT option
IF You want any Chart Analysis You Can Msg me Trading View
SBI Quarter Results were good. Trade with SLSBI can rebounce if market supports. Lets wait for a positive closing candle above the support line. Which will open targets for the resistance line.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions
SBI upmove seems to be completed.its abc correction had started earlier and we are in c wave of this decline..
its result date yet to be known.
public sector banks may contribute most to the decline the bank nifty.
of bank nifty although no respite for pvt sector banks.
560,522 seems to be target for this decline.
please go thorugh my previous posts of bank nifty and hdfc bank.
Doin't forget to like this post.
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the chart explain itself is self explantory
SbinSbin is in many trader's watch list and the expectations are building up. In daily time frame price is at trend line support. And in one hour chart, price has formed a triangle. Price is bullish if it sustains 596 - 604. Buy above 604 if the triangle break out has volume strength with the stop loss of 598 for the targets 610, 616 and 622. If the price shows bearish strength, then it will try to take support at 578 - 584 level.
SBIDate-30/12/2022
CMP-613.70
Stock trying to move highs with low volumes as per above data.
OI Data-Jan 2023
As per OI Data as on 30/12/2022 total calls-16389 and total puts-13,349
Put Call Ratio=0.81 it indicates bearishness.
Resistance:
Call Strikes= 620(2226 contracts) and 630(2015 contracts)
Support:
Put Strikes=600(2375 contracts) and 580(1889 contracts)
Opinion:
OI Data suggesting stock bearishness and stock also moving high's with low volume.Whoever wants to buy wait for sometime add in tranches.Whoever holding stocks book some profit and reenter at lower prices.
Important:In Jan Q3 Results and Budget sessions will majorly effect Banking stocks.Whoever wants to take any position be carefully analyze the data.
Note:This is my opinion,Please analyze data properly and take positions.No one is responsible for your loss except you.