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.
Will go peak then dropAfter result expected to fall like anything. Already the result factored. Be caution. One can go PE on the result date when it is in peak.
It is not technically explained but assumptions from previous experience.
Your wish and own decision mandatory, this is just knowledge sharing of my point
NSE:SBIN Levels respected very well !! checkoutNSE:SBIN
We can trade confidently only when we have fair idea of what we are dealing with, If we are able to identify the levels of Support and resistance, Half job is done, later part u can do by identifying the chart patterns and volumes !
Bullish Spike: People also call it as Bullet, If this candle pattern is formed, irrespective of any time frame, there will be high chances of Upside momentum !!
#SBIN Chart check out the levels, Patterns respected !!
Power of Price Action !!
Happy LEarning !!
[POSITIONAL] SBIN LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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