Trade ideas
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.
Simple Trade Setup | SBIN | 29-03-2022 [INTRADAY]NSE:SBIN
Trade Setup for 29-03-2022
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.
State Bank Of IndiaState Bank Of India ltd.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Supertrend become positive in today's session.
2. Positive crossover in alligator.
3. Stock trade in a specific range.
FUNDAMENTAL ANALYSIS.
SECTOR: Bank - Public
1. MARKET CAP - ₹ 4,39,760.23 Cr.
2. P/E - 15.16
3. P/B - 1.74
4. ROE - 9.31 %
5. ROCE - 6.49%
6. EPS - ₹ 32.51
7. CASA % - 45.40
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning #banking