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SBKFF trade ideas

"Gap down possible" - SBIN Hello everyone, I am sharing SBIN chart on day time frame. I am using harmonics pattern XABCD and connecting all recent swings, as marked on chart. It is perfectly at Point D (596.85-596.95), with fib ratio 1.13. Just for knowledge...in a XABCD pattern, D point is considered as Price Reversal Zone (PRZ). And some fibo ratios is very very strong, in case of SBIN its 1.13. Well let's see where it opens on Monday...only chance of upside is if it opens gap up (above point D) and sustain. Else a slight gap down or even flat opening can lead to a sell off from this point. Keep learning guys. Have a nice weekend.
NSE:SBINShort
by LBilgir
SBIN: Chart analysis, view and trading strategySBIN We are looking at weekly chart of SBIN stock Observations - SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high - support at 554 / 545 / 530 zone Given the set up One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position Otherwise 530-540 zone could be a better place to enter Derivatives Strategy One may consider a Bear Call Spread strategy in SBIN for November series Sell 600 Call option Buy 630 Call option Net receivables 6 points Lot size 1500 Max Profit Potential of Rs 9000 per strategy lot till 24 Nov 2022 Profit potential of 12.5% approximately on Margin requirement Take care & safe trading...!!! Like, follow, share for more trading ideas like these Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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
NSE:SBIN
by indiamarketoutlook
2
Rounding Top patternHey everyone! 👋 Last week, we wrote about the "Rounding bottom" pattern. If you missed last week’s post, you can catch up here: Today we are going to cover the "Rounding top" pattern along with a few examples. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! The post will shed some light on the following topics: ➡ Basics and identification of the pattern ➡ Components ➡ Important aspects What is a Rounding top pattern? • A rounding bottom is a bearish reversal pattern that resembles the shape of the inverted "U". • Rounding top pattern occur at the end of long uptrends and indicate a potential reversal. • The pattern is also referred to as an inverted saucer due to its resemblance to an inverted saucer. • Although, the volume and price move in sync but in practice, this can vary widely. • When the price moves down from the neckline, it indicates weakness and suggests that the stock may begin a new downtrend. Components of a Cup and Handle pattern: A rounding bottom pattern can be divided into three main parts. • Advance • Formation of the base • Decline Important aspects: 1. Prior Trend: Since it is a bearish reversal pattern, the prior trend must be an uptrend. The top of a rounding bottom should ideally mark a new high or reaction high. The stock may trade sideways or flat for a long duration before the formation of the pattern. 2. Advance: The advance that leads to the formation of the high, can take a variety of forms. Sometimes, the up move has many whipsaws while other times, the stock may just trade flat. 3. High: In general, the pattern resembles an inverted "U" shaped top. However, it can also resemble an inverted "V" or an "M," but the high should not be too sharp. In addition to this, there is always a possibility of a new high due to a buying climax. 4. Decline: In general, the formation of the right half of the pattern should take about the same amount of time as the left half. This means that the down move of the highs should take about the same time as the up move. Moreover, the decline shouldn't be too sharp, or else there is a possibility of a bear trap. 5. Breakdown: The pattern is confirmed once the price breaks and sustains below the neckline. The price may return to the neckline to test for the supply before continuing downwards. 6. Volume: In general, the volume levels should be - High during the up move - Low during the formation of the base - Rising during the down move However, these are only guidelines and should not necessarily be taken at face value. 7. Target: Using the measurement objective, the target comes out to be equal to the depth of the base. It can be measured by calculating the distance between the bottom of the base and the neckline. 8. Stop-loss: Ideally, the stop loss is placed at the highest point of the base. But if the price oscillated up and down a number of times near the neckline, the stop-loss can also be placed above the most recent swing high. Exhibit: Rounding top pattern with a failed breakout Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use. Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Instagram and YouTube for more awesome content! 💘
NSE:SBINEducation
by TradingView
15
SBINWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:SBINLong
by Rvkachhadiya
SBI Long TradeSBIN has completed A-B-C Correction and new impluse may start. There are divergences seen in RSI which indicated seller are losing strengths. There was also short covering in October futures which is also buy signal as people who were short in SBIN are booking there profits and buyer making new buying position. Traders are requested to do their own analysis and please put comment. Please give like and follow my Channel for more ideas and educative information.
NSE:SBINLong
by Darshan_Panchal