SBI#SBIN IHnS formation which may take this to 650
CMP 573.. Banknifty is very strong and all big Banks are still having lot of steam left
Trade ideas
SBIN fib levels for swing trade (Learning purpose)* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
SBIN - Breakout of ATH level - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
STATE BANK OF INDIA sbi cmp 553 tg 567/581/601/625 ignore below 532 just education purpose only not buy or sell recommendation
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..
STATE BANK OF INDIA (POLE & PENNANT BO)STATE BANK OF INDIA
On Weekly Basis Time Frame the Stock has given a Good BO Last Week of Pole & Pennant Pattern & Follow up Buying is also seen in Current Week on Chart
So as per Chart the Stock looks Good for Medium to Long Term Position as per the Levels given below:
CMP - 555.70 or BoD 530
Target 1 - 600
Target 2 - 638
Target 3 - 676 + + +
SL - 507
Time Frame - Medium to Long Term
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
SBIN Big Breakout SBIN Future Trading at All time Highs, After A huge consolidation finally Range breakout in the stock is seen. Stock has entered un charted Territory, And head towards 600-650 in the next 3-6 Months. We are bullish on the Stock on Short Term basis. And We are initiating Buy position in SBIN Future @ 555 With Stoploss of 530 For the Targets of 580-600 for Swing Trading i.e. September Series.
SBINSBIN
Currently in resistance zone
staying and sustaining above 550 for few days would start a fresh trending moves.
Keep an eye in coming days.
SBI Intraday Trade setup for 8th SeptHi Guys,
Support and resistance marked with trend line. Either Side breakout will give good return.
Note - Please add proper SL before taking any position. Manage your risk.
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SBI for positional trade This is only for education purpose only. Please check your own analysis before you take a trade
SBIN, ready for breakout??SBIN is trading in zones since long time. Is it ready for the breakout above 549? What are your views after seeing chart?
SBI bank - Textbook Cup & Handle baseNSE:SBIN
1) Strong trending stage 2 move
2) Volumes expanded as price moved up, and greatly reduced as price started to correct and consolidate
3) Within the base, long term VCP is forming, on right side of base price action is getting tighter, price is consolidating at the top end of resistance, final supply is getting absorbed
4) need a clean breakout above 545 for pattern to get activated. sl will be at 510, roughly 7-8% from entry price
5) These are longer term structures, and it is difficult to predict any targets, simply trail with 30 Week moving average. such trends can last anywhere between 12-18 months
State Bank Of India (SBI)State Bank Of India (SBI)@breakout
State Bank Of India (SBI) strong breakout with volume break out and momentum created in day chart.
SBI bank breakout for long. so strong upside are coming. BUY above 540.80
NEXT TARGET 543.70,547.60,553.35. Time to go for long, get ready to catch the profit. Thank you.
SBI giving breakoutSBI making pole and flag pattern
can buy above 535 for target of 600+
sl can be below 517 u can trail sl
do ur proper research
7% swing trade SBIN flag and polesbin making flag and pole pattern on daily timeframe. which is very powerful for bull run in stock. after breaking 540 we can enter with stoploss 530 and target 565.
#POSITIONAL STOCKThe SBIN looking good on the chart. Since it has given a breakout of descending channel pattern and sustains above 534 level, looking at the current market trend we can expect it could try to touch 549 in the coming days/weeks. In the longer-term view, I am looking for 600+.
This is just my view and not any buy/sell recommendations. So request you all please do your own study before any trade. I may be wrong at any point in time.
Double bottom formation on SBI, looks like a buy for me.Double bottom formation of 4 hour chart, retest happened according looking to buy and hold till 600s.
SBIN may give a break out of the consolidation zone.SBIN has been trading in a zone and on the weekly time frame has closed near the resistance zone.
The stock has been trading above the weekly 20 ema and has given an bullish engulfing candle.
On the daily time frame, the stock has formed an inside candle.
If the stock breaks above the consolidation zone, nice targets can be achieved.
Higher time frame break out can give a nice movement.
Support :- 509, 490
Resistance :- 543, 580(monthly fib level)
Only go for a bullish trade if the stock closes above 543 on the daily time frame.
Intraday and swing trades can be initiated in the stock.
a clear trianglea clear triangle is formed the candle stick is near by resis zone. so, the market is go up to reache again the previous resis
