SBKFF trade ideas
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 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 (SBIN) - Worth a watch near breakout level!Aggressive traders can initiate positions between 500-524.
Ideal is to wait for price to breach the level of 532.
The price may find immediate support at 495 if it fails to sustain upward momentum.
Price range between 456 and 436 acts as strong support zone.
The price is above the key moving averages of 50, 100 and 200. During the fall the price found support near the 200ema and bounced back from those level.
Note: Always keep a stop loss to manage your risk. Not a buy/sell recommendation, but a personal analysis.
Read my previous analysis on SBI here:
Break Out Trade in State Bank of IndiaDate : 2-Apr-2022
Rating : Buy
LTP : Rs. 508.20
Target: Rs. 550 and More (will update target based on future price actions)
SL : 470
SBI has given a break out from its secondary down trend within its primary up trend. It has also broke its near term resistance level of 500 which it was trying since last 11 sessions. EMA cross over was done on 1-Apr. MACD cross over was already done and now its giving bullish signals. RSI is in buy zone and has shown positive convergence.
Disclaimer : Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.