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State Bank of India

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SBKFF trade ideas

State Bank of india before budget daysbin currently trading between 518 to 538 price range i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568 indicators MFI ;looks normal and strong TSI : equally good no weakness ema : price trading above 50 ema indicating bullish sign NOTE; volatility is expected and will be higher because of event day PSU banks have posted good results than PVT banks as SBIN been the largecap and leader of Psu scetor it will be getting some sort of event effect, with govt planning on divestments most of the money flow are expected to diverted to SBIN TRADE ONLY IF YOU SAME CONFLUENCE OR CAN RELATE YOUR IDEAS WITH ME thanks, happy trading !!!
NSE:SBINLong
by Jimmy_Rebello
6
[Turtle] SBIN Budget PlaySell Infratel 580CE. I am not taking futures buy or sell because I think the overall budget will be bad. So I am playing with options. Note - 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. ======= 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. ======= 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. ======= 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. =======
NSE:SBINShort
by Amit_Ghosh