Trade ideas
SBIN HNS Pattern On Daily ChartThe Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally, volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal.
Simple Trade Setup | SBI BANK [SBIN] | 16-06-2022 [INTRADAY]NSE:SBIN
Observations:
1) On 1Week time frame, we can see it has formed kind of Head and shoulder pattern.
Please refer below chart : 1week time frame.
Immediate support is at 440 level.
Breakdown of 440 will invite more selling.
2) On 1hr time frame, it made rounding top pattern.
Please refer below chart : 1hr time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SBI at Support LineSBI's current price is at the major support line. It it sustains this level, we can see an upmove.
Also they have good earning result that may help also to go up.
PS- This is for educational purpose only. Trade at your own risk.
SBI H&S Weekly TFSBIN is completing Head & Shoulder patter in weekly time frame........Target T1 400 T2 375
SBI RESULT PLAY SBI results have been a point of reversal of trend in he markets usually.
The market is currently in downtrend , with Banks Providing a minor relief in pullbacks.
Sbi is set to report its results tomorrow ! The markets will closely be waiting for the same and hoping that on account of good numbers this bear run will end !
Interesting play is that markets will be closed for 2 days and any major update on the global tension could disturb the momentum !
I missed this tradehi I am Deep Govind I missed a trade I am sharing with you sweets all the broker strategy.
#sbin at harmonic supportNSE:SBIN
given a good bounce from harmonic level in intraday for swing trade we need more conformation.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone)...
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
SBIN shared yesterday and blasted, further levels marked !!NSE:SBIN
#NSE:SBIN levels shared yesterday and it blasted with 15k profits/lot.
further levels marked for practice.
wish everyone bagged handsome money.
Happy LEearning !!
SBIN trading @ SupportNSE:SBIN
#NSE:SBIN trading @ support and post sustainability confimation can be seen good upside move.
Happy LEarning !!
#SBIN Long (13 Apr)SBIN Long (13 Apr)
Breakout & retest
Buy at CMP-515
SL- 498
Target- 549, 576
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
SBIN 30 min chartPrice is at a support region and unable to break it from last few bars. Selling pressure has reduced and we can see a reversal trade.
SBIN - evening star pattern As of my idea SBIN stock is formed an evening star pattern which is opposite of morning star or morning doji star. Evening star pattern is fully a bearish kind of pattern. Doji has been formed after the support candles for the past few days. so i comes with conclude of my idea that this is the good time to invest.
Doji: Doji is the one of the candle which is formed when open and close stock market price as same state. it looks like plus (+)
Important Disclaimer:
I am not influence anyone to buy/sell any stocks, just sharing my thoughts and views. i am not responsible if my idea goes fail. It was fully educational purpose.
SBIN (State bank of india)SBIN is currently at the 500 level, expecting a good support
A good one for a swing trade
and also from a long term perspective, it is in the accumulation zone
SBIN short opportunity, HEAD & SHOULDER PATTERNSBIN is facing the resistance at 500-515 levels,
there is a short term support at 496,
if the price closes below 488 , we can expect the continuationn of HEAD & SHOULDER pattern for the
TARGET 1: 411
TARGET 2: 341
TARGET 3: 300
Keeping the STOPLOSS: 502
NOTE: I am not a financial advisor, this is for education purpose only.
STATE BANK OF INDIA IN SELLING MOOD.Sell SBIN below 499. MARUBOZU candle is formed.
(only for educational purpose)
SBIN All detail for chat. good entry at mark price only. and must stoploss is 476 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
