SBIN | Short | SwingSBIN is indicating weakness from the highs.
Last week's rejection candle was huge and now price is failing from the Monthly Pivot which is a sign of weakness.
Short position can be built up for a Target to 782 price level.
You can expect these levels to reach by mid to end of January 2025 series.
SBKFF trade ideas
SBIN Support & Resistance As of December 20, 2024, State Bank of India (SBIN) closed at ₹812.00, experiencing a decline of ₹20.80 (-2.50%) from the previous close.
The following support and resistance levels have been identified for SBIN:
Support Levels:
S1: ₹823.90
S2: ₹813.15
S3: ₹804.87
Resistance Levels:
R1: ₹841.70
R2: ₹848.75
R3: ₹858.27
These levels are derived from various pivot point calculations, including Standard, Camarilla, Fibonacci, Woodie, and Demark methods.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
State Bank of India view for Intraday 24th Dec #SBIN
State Bank of India view for Intraday 24th Dec #SBIN
Resistance 825 Watching above 826 for upside movement...
Support area 800 Below 815 ignoring upside momentum for intraday
Support 810 Watching below 808 or downside movement...
Resistance area 825
Above 815 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
State Bank of India view for Intraday 23rd Dec #SBIN
State Bank of India view for Intraday 23rd Dec #SBIN
Resistance 820 Watching above 821 for upside movement...
Support area 800 Below 810 ignoring upside momentum for intraday
Support 800 Watching below 798 or downside movement...
Resistance area 820
Above 810 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
SBI : Consolidation in a TriangleSBI is consolidating in a Triangle Pattern.
It has 2 Options
Breakout Above : Close above 860 then buy it with stoploss of 820 tgt 1030
Breakdown Below : Close below 770 then sell it with stoploss of 830 tgt 605
in current scenario where Banknifty is struggling to close above 51350 and
very likely to breakdown.
In this SBI will not be spared n it will go along down with it.
wait for the decisive close.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
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SBIN SHOWING A GOOD DOWN MOVE WITH 1:20 RISK REWARD SBIN SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
State Bank of India view for Intraday 11th Dec #SBINState Bank of India view for Intraday 11th Dec #SBIN
Resistance 875 Watching above 875 for upside movement ...
Support area 850 Below 860 ignoring upside momentum for intraday
Support 850 Watching below 848 or downside movement ...
Resistance area 875
Above 860 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
SBIN - Expected to gain pace There is a Channel Breakout.
The Price has sustained a breakout at bigger time interval.
Above the high of the Retest the price is expected to move.
The RSI has taken a support on 60.
External- Bank nifty is relatively stronger than Nifty. These PSU banks are awaited to run.
There are 2 targets from Here on T1 and T2 as shown.
Disclaimer- I am not SEBI registered. This is not a Buy Sell Advice. Just my analysis of a script. Use your own method/Advice/Wisdom to buy or sell.
Largest Bank in India with over 200 years of history on breakoutHello Everyone i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has given a breakout of symmetrical triangle pattern on daily timeframe. Stock name is State Bank of India and it is is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
Stock is really good to do SIP for long term, it is paying good dividend also every year. Stock is good for short term to long term investing. I have marked all the levels on chart please follow strictly.
Fundamental Ratios
Market Cap
₹ 7,70,775 Cr.
Current Price
₹ 864
High / Low
₹ 912 / 601
Stock P/E
10.1
Book Value
₹ 465
Dividend Yield
1.59 %
ROCE
6.16 %
ROE
17.3 %
Face Value
₹ 1.00
Industry PE
9.28
Debt
₹ 56,06,147 Cr.
EPS
₹ 80.2
Promoter holding
57.5 %
Intrinsic Value
₹ 604
Pledged percentage
0.00 %
EVEBITDA
15.6
Change in Prom Hold
-0.03 %
Profit Var 5Yrs
98.7 %
Sales growth 5Years
11.6 %
Return over 5years
22.2 %
Debt to equity
13.5
Net profit
₹ 74,461 Cr.
ROE 5Yr
13.0 %
Profit growth
12.3 %
Earnings yield
6.43 %
PEG Ratio
0.10
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
State Bank of India - Breakout OpportunityDate : 5-Dec-2024
LTP : Rs. 865.45
Targets: (T1) Rs. 912 --> (T2) Rs. 1,023
SL : Rs. 765
Technical View:
• NSE:SBIN is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 912 on 3-Jun-2024, it has retraced 16% to 761.55 level.
• NSE:SBIN has breakout from it's secondary downtrend with high volume on 5-Dec-2024.
• NSE:SBIN is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA is also trading above 50 DEMA.
• RSI is in buy zone and trading at 62.74. MACD is bullish and trading at 10.63.
• Both RSI and MACD are showing positive divergence, indicating trend reversal.
• Looking good to start a new swing from here.
Liked the analysis? Boost/Like this idea and follow my ID.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Bears Taking hold in SBINHow's the josh Traders !!
In SBIN, you all Can Clearly see the chart that SBIN has clearly took resistance at 0.718 % of Fibonacci retracement and I think this is Wave 2 forming & Completed in SBIN.
Next is Wave 3 impulse wave (Wave 3 is the Longest among all Impulse Wave) so we can clearly see a Downtrend Starting in SBIN.
SO,
SELL SBIN @ 837-850
STOPLOSS @ 875
TARGET @ 700/680
NOTE : This is for Educational purpose please ensure with your financial advisor before taking any trade.
HAVE A GOOD DAY TRADERS
SBI cmp 847.65 by Daily Chart viewSBI cmp 847.65 by Daily Chart view
- Support Zone 834 to 841 Price Band
- Support at 814 > 781 > 751 with Resistance at 868 > 883 > ATH 912
- Stock Price is testing and Retesting the Support Zone over the past week
- Volumes seem steady showing intermittent spikes by demand based buying
State Bank of India for 40% gainsDate: 4 Nov’24
Symbol: SBIN
Timeframe: Weekly
SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends).
Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%).
Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.