SBIN Intraday view !!SBIN : cmp: 498.4
On the verge of break down.
Making lower lows for 3 days.. Facing resistance near 511-516 level.
Closed below 50 DEMA . RSI trending down.
May test 489/481 level.
View negated above 506 level.
Sell on rise candidate.
Can take position in future and option also. FEB 500PE can be look after.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
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SBKFF trade ideas
State Bank of India : What should be the next support ?I have drawn trend lines of State Bank of India for tomorrow. These are just for learning purpose. Examine these lines during live market. All the horizontal lines are the supports n resistances for tomorrow, where 500 is the middle or centre point. Hence, 500 should be considered as major support n resistance for tomorrow.
Simple Trade Setup | SBIN | 04-02-2022 [INTRADAY]NSE:SBIN
Again selecting this stock. All the trade setup and levels will remain same.
Trade Setup for 04-02-2022
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.
sbin upate 2.0 tackling volatilityDue to event day stock moved 2.40% downside from day's high
with help of schiff pitchfork the price was seen taking support at lower media line which is considered as good support
with current day low price might bounce back to 537 levels and if anything above the 550 zone will be activated again
if price breakdown today's low then it might fill the gap
will update if price goes beyond our analysis either ways
SBI ABOUT TO BREAK RESISTANCE ZONE - CAN FLY AFTER BREAKOUTNSE:SBIN Has reached the breakout zone and now consolidating near breakout. It Can Fly from here if the Resistance is broken with good volume. You can add this for Swing Trade after Breakout, this is also Good for Investment Pick But i Advice you to add for Investment purpose on Dips currently it is on 52 High. If it wll face Pressure here and started downside momet then you can go short for 1st and @nd support Zone
SBI IS RETESTING ITS 0.618 FIB RETRACEMNT LEVELS Like you can see the chart sbi break its day high and now retesting on its fib retrecemnt level so we can expext 1st target on1.2 retracement level,second at 1.14 retracement level and third at 1.618 level prefer to book profit and of you want to ride bnf rally you should puut your sl ctc and trail.
we can play in options
NOT SEBI REGISTERED