SBIN AnalysisConsolidation scares this stock's shareholders. But gave amazing returns for the patient share holders. now its at ATH there are higher chances of a pullback so, don't hurry and buy, just wait and add this to your radar
Trade ideas
SBIN Cmp 506 dated 11.1.2022 W Pattern on chartSBIN Cmp 506 dated 11.1.2022
1. W Pattern on Chart
2. Trendline BO @ 508
Buy above 508 for a tgt of 515-525-535 SL 490
Positional Traders can keep higher tgt of 570
SL 480
It is just a view, pls trade at your own risk.
Stocks Algo for nifty 100 , tomorrow stocks selection (12-01-22)Dear Friends,
Refer four stocks for nifty 100 stocks ALGO,
Regards
Kirit Chavda
W pattern FormationSBIN
Daily Time Frame
Foramation of W-Pattern
Bullish
CMP-505
Target1-519
Target2-535
Target3-550
Buy at 507 SL 501 TGT 512 and 516Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Just follow the Price Action!Above 477, Stock is looking all set for 500+. BO already done. A pull back would make a perfect entry for better RRR.
State Bank of India #SBIN unable to sustain above 500 & closed as a Bearish Hammer.
What's next?
600 or 400
Long-only If close above 502 for target 600 otherwise wait for 460 or 400 for re-analysis.
Educational Price Action Analysis & Elliott waveIf stock completes the Correction phase as per Elliott wave and crosses major resistance i.e. 500/- where maximum OI then a new 12345 patter will start...
SBINState Bank Of India shows some power after correction SBI already gives breakout now it is a time to re-test, after re-test over entry price will be 460,470 and target will be 535,540 and stop loss is 438.
Buy on dipsBuy at Cmp or on dips for tgt of 500
Sl 440
Just a view better you know what to do ( consult a professional).
SBIN - LongChannel Formation in Weekly Time Frame. A long trade can be initiated for the given targets
Multiple confirmations in SBIN (Daily)Each time the stock falls, it takes support from the trendline and climbs back. Nonetheless, the stock couldn't sustain the December fall and breaks the trendline. After the breakdown, the stock was framing a falling channel pattern, from which it effectively gives a breakout and is at present trading over its trendline. The stock can possibly go up to the level of 535 in short term.
Breakout in sbinSymetrical triangle breakout in sbin daily chart.
RSI is also bullish.
If it sustains above 487 , it can give a short term swing upto 520.
SBIN intraday IdeaSBIN has given a good breakout & run on daily timeframe, I expect some more points.
It has given an ascending triangle breakout on 15 min timeframe and also did the retest.
Buy above - 493
Targets mentioned in the chart above.
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
STATE BANK OF INDIA : What should be the strategy? Technically!Immediate Support at 506
Currently SBI has given a rally since its recent drop to 442 mark.
If you bought at 450 levels can book profit today and enter short position for a garget of 470-464 with a stop loss of 506.
Sell Today
SL 506
TGT 470-464-458
Short SBI for the target of 448It looks like OK I will take traversal for double bottom of 448 or may be lower for 436
Major Banking Stocks ComparisonNow these Banks will decide the journey of Bank nifty
Note : i have not included Axis Bank here.
Breakout in SBIThe scrip has given breakout and price closed above trendline.
Can buy at CMP for easy tgt of Rs 500
Stocks Algo for nifty 100 , tomorrow stocks selectionDear Members,
I Hope today you have watch out Analysis..Refer attached chart for tomorrow(04-01-22) stocks level..
This indicator is use for stocks Algo in Nifty 100..as per out selection based on trend-line,support & resistance we have selected four stocks daily for Algo next day.
Regards
Kirit Chavda
sbi bank swing tradeonce above 490 , next resistance at 530 levels
price bounced back from 150sma
for education purposes only
SBINBank Nifty is Heading to 37200 , and further supported by SBIN and other players
can participate in the rally with SBIN
Over all chart is good and looks lucrative with all supportive Oscillators
Target : 491/ 520
