Sbin Long I hope you can now see how SBIN represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBKFF trade ideas
NSE:SBIN NSE:SBIN
#SBIN seems formed Ascending triangle and ready to BO.
Volumes not supporting for BO as per the chart,
But candles trading near to resistance level,
Post confirmation in any level (Resistance/Triangle) may decide the momentum of the stock.
Interested to trade in this stock ?
Reach me tomorrow for the levels....
SBIN Trend AnalysisSBIN fell 1.36% percent today and while it might seem bearish, it is just a mere sign of Correction.
After breaking its long-term resistance and forming a new 52W high, SBIN corrected to levels of 523. Despite many firms up-ing their target on SBIN to 750 levels, I remain bullish on SBIN and think it will correct to 515 levels and in the case of a Bearish market, up to 500 levels.
Please consult your financial advisor before making any decisions.
SBIN took support at 20 EMA…SBIN took support at 20 EMA…
Reasons/Traits :
• Took support at 0.382 fib retracement level
• Above 20 EMA
• Strong up move, force index 3 is less than 0 and force index 13 is greater than 0
• ADX 20 is greater than ADX 30 as well ADX DI + > ADX DI -
• Force index 3 is greater than 0 and Force index 13 is less than 0
• VWMA is greater than 100
What can happen next :
Scenario 1 : Price sustaining above 492 levels can take it to 500/510/520/530/540 levels (3.618 fib retracement of last high high)
Scenario 2 : Price break down below 490 can take it down to 480/468/452/442/432/425/410 levels
Important levels are mentioned above and it doesn’t mean it will achieve all one by one … price can hover along these prices and due course of time will tell us the price movement between these levels. 468 is important level and breaking it can take the price down or it can bounce back.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
sbi in channel buy after 528 sbi in a channel near rejection dont buy before 528 keep eye on bank nifty .. bank nifty also taking time to break out level 40100 if it trade under 40000 to 39900 for at least 9.45 or more then it will give good move today expiry here a chance to hedge option of CE or PE rupes of 40 to 100 will give you good profit
SBIN Trend AnalysisSBIN Seems heavily bullish and despite hitting a new 52W high, it can create a new 52W high soon.
In case of a bearish market, expect a pullback up to levels of 502 or maybe up to 480 levels.
It is a good idea to buy on dips at is fundamentally strong in the PSU banks sector.
Please consult your financial advisor before making any decisions.