SBIN: Chart set upSBIN
Observations
- currently at the top end of the channel
- it may come down towards 513-508 (recent low) / 493-488 (200 day EMA zone)
For the current month, one may consider to sell 550 call option.
SL Exit if SBIN closes above 545 in Spot.
any dips towards 508 / 480 would provide better risk::reward ratio to go long from medium term perspective
Take care & safe trading...!!!
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
Trade ideas
SBINNSE:SBIN
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
BULLISH on SBINNSE:SBIN
The prices have given the breakout from the flag pattern on the 4 hour charts. Previously the stock gave the breakout from a triangle pattern and after that now made a flag and gave a breakout. The prices are above the moving averages which shows bullishness. The MACD has turned bullish. The RSI is above 50 which shows good momentum. The view is for upto 2 months duration. The Target and SL is on the charts.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
Flag pattern in 4 hoursSBI may touch 555 again if it breaks the flag pattern.
On downside it can go 504.
Always trade carefully because it’s your hard earned money.
Consider it as business. follow stop loss and know when and where to book profit/loss.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
Bearish upto 500 support There is making pattern since long time.. up - down its trying to break 550 level but could not break and taking support at 445 again and again..
So now again it come fall from 542 and may take support at 500 or 490 and then will break out new level.
#long for Week view its RSI shows to down direction
#short for 2-4 hours its down direction
So lets see we make it closer to our prediction or execute stop loss
thanks
YR 2022 Idea #109: Long on SBIN This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.