Trade ideas
STATE BANK OF INDIA WEEKLY BREAKOUTState bank of India becoming strong on weekly charts with breaking downtrend resistance line and gives breakout on relative strength indicator and seems good buying absorptions too which is indicating coming good volumes and higher prices
CAUSE OF LONG-:
1- Falling resistance trendline breakout
2- Relative strength indicator breakout
3- Good buying absorptions indicating resumption of up moves in this counter
SBI bank - Short term Bullish trendSBIN is now trading inside channel, for short term there is more possibility for bulllishish.
Entry at 480 : stoploss at 450:
Avoid aggressive entry, take entry after retracemnt.
Aftert breaking channel bullish trend will starts.
Do your own analysis before taking entry.
[Intraday] SBIN Short IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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SBIN - Ichimoku Bullish BreakoutStock Name - State Bank Of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross the key psychological Level of 500.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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SBI This is a rise or not ?NSE: SBIN
If Breaks Then The Targets could be Taken at 472.55
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and \shoulder
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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