Trade ideas
daily chart of sbindaily chart of sbin
educational purpose only
trendline is being respected
CMP: 460.45
SL below 443.00
Nifty100 : - Stocks AlgoDear Members,
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In this ALGO we have selected Nifty100 stock only. Daily we will select four stocks for next day trading as per technical analysis and trend line breakout. Risk: Reward ratio is 1 : 1 ( means 1000 loss and 1000 profit in one stock) also we have set trailing stop loss to reduce risk in trade. This is fully Algo for intraday trading.
You can select your own stocks base on your knowledge or as per your analysis.
Regards
Kirit Chavda
Breakdown in sbinA pennant breakdown occurs in an established downtrend in sbi.
Price is below 55 ema.
RSI is also bearish.
Volume is more Than twice on breakdown day.
If it is able to break low of yesterday, it can give us a short term swing upto 425 and stoploss is 465.
my view on state bank of india i am bearish on SBi because i can see a breakdown of head and shoulder pattern and also a setup known as ungali setup and the targets for the same are 445 & 432
SBIN BANK GOING FOR UP FOR 20 POINTS ITS GOING TO TOUCH OUR TREDtarget for next 15day BUY AT 453 LEVEL AND SELL AT 471 IN NEXT 15 TO 20 DAYS
Intraday opportunity in SBIHere we can trace flag breakdown. We can choose intraday for short term of target @ 455
Intraday Trade Logic in SBIN on 27 Dec 2021* For Learning Puropose Only | Trade On Your Own Risk , am not responsible for your profti or Loss *
Today Got levels in SBIN , as MArket was Buliish from morning after gapdown
Bearish Flag in SBI for short termAs we can see here SBI is consolidating in flag pattern. We can go for trade after flagbreakout..
State Bank of India, Good breakdown setup#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400 which can act as a psychological level and if broken 400 level can be trailed to 38% Fib retracement level
BUY AT 400sbi has broken a long trendline.my view ,may fall further. buying window may be 400 to 410.please comment to correct me.
SBIN Important levels for long term investmentSBIN Important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
negative sign for sbinits clearly visible that sbi is in down trend and with small pull back and if there is another sharp fall in market than without pullback also we can see it go till 400 level
State Bank of India [Daily]Support line broken. Will either struggle to come up or fall by 8-10 points tomorrow.
Weak on the weekly TF and it's struggling to stay afloat on the daily.
Suggestion: Watchlist for now!
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Remember, if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
SBIN CMP 468 dated 17-12-2021
STATE BANK OF INDIA CMP 468 DATED 17-12-2021
TRENDLINE SUPPORT @ 465
BREAKING BELOW 465 TGT OF 455-445-435
IF IT TAKES SUPPORT @ 465 moves up than the tgt will be 480-490 & 500
SBIN followupSBIN 467 - As long as it held its close below 470, we shall expect it to test the zone 458 again.
Our Earlier posts for reference ..
EWT Correction Wave - SBIN - New lifetime highs soon 🚀Hi Traders, Here is a detailed analysis on SBIN which has been following Elliott Wave Correction Theory, on 1h, We are currently experiencing Wave B and we have to enter at the beginning of Wave C i.e. near 480 levels. Pls refer to the above chart to notice characteristics of each wave. Also SBIN has been following a strong uptrend, we can see it is taking support at the same trendline that it has had been following since November 2020. Also we have turned a major supply zone into demand zone and we are also at a 0.618 fib retracement level aka golden zone. Now we have witnessed many confirmations. Let us moon together. Happy Trading 💹E
SBINImportant Levels................................................................................................................................................................................................................
