SBI is ready to breakoutSBI showing up trend after consolidate, once can enter into it with SL 844 , It is showing ascending triangle pattern on 1hr time frame
SBKFF trade ideas
State Bank Of IndiaSBIN
Sbin has made a range near 812-833.
SBIN has resistance between 835-847, once it crosses this level.
the Targets should be 860-870 and 899-910
SBIN analysis High wieghtage stock of Bank Nifty have touched all time high whereas Sbin has still a pending big move for is all time high. Looking past the chart Sbin has been in the a consolidation for few days which might indicates buyes are accumulating at current price. With a good breakout of other shown trandline on the chart with a small risk of Rs10 we can aim all time high target for a positon trade. Another indication for bullish view is that price have taken good support on the FIBs 50% support line
SBIN Weekly Update 14/JUN/24Hello Traders ,
Am small Magical boy has the Power to move further with the trend continuation.
Last week update we have Recognise a patter forming thats rising wedge pattern & SBIN able to recover it close above trendline.
Candlestick indicates THE BULLISH HARAMI , a strong trend further is Evolving in mothers womb.
RSI indicates super bullish bias as it holds the level of > 70 levels.
Wait for the candlestick pattern identification so one can build up on Daily Chart.
HAPPY TRADING
SBIN ON URGE TO BREAKOUTSBIN holding the trend line from Last Few Months.
The Panic breakout is of trendline has been Recovered & It looks good Above 850 Levels.
Having a Bullish bias right now Because all higher Timeframe indicates Bullishness.
Wait for the Move Confirmation.
HAPPY TRADING
SBIN - Classic Textbook Pattern!It is a risky bet since it made a huge doji on Weekly TF and the selling volume is huge on that candle though the prices are sitting at a good level, one can plan a LONG position with 10-15% MAX SL. However, the RRR doesn't look good to me honestly...
Trade details:
Entry - CMP 840
SL - 799
TP - 850,900
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
SBIN Weekly Update 07/JUN/24SBIN is Crrently not good at Levels to plan Entries.
A Rising wedge pattern is Recognised on WEEKLY TIMEFRAME. More dips to come soon.
As it did not break above The 3rd june Pqnic High.
A regular Bearish divergence on RSI to be found with the pattern.
MONTHLY RSI > 60
WEEKLY RSI > 60.
DAILY RSI < 60.
Will sit back & regognise the pattern formations.
HAPPY TRADING
Trend reversal studyOn 25th Oct 2019, trend reversal happened in SBI bank. on that day, candle was bullish engulfing with significant rise in volume, along with EMA 5 positively crossed over EMA 26 hence changed the direction of trend. Although it could not continue this uptrend and again down fall when EMA 5 negatively crossed over EMA 26.
Take State bank of India with No loss strategy for 5 Lakh
How you invest 5 lakh in SBI?
1. Invest 1 lakh(20%) at 815 Rs....Target: 1149 ( 41% )
2. Invest 1 lakh(20%) at 732 Rs .....Your average will be 774...Target : 1091( 41% )
3. Invest 2 lakh(40%) at 637 Rs... Your average will be 700...Target : 987( 41% )
4. Invest 1 lakh20%)at 460 Rs ( In SBI life chart history we noticed that this counter can fall maximum 53% so this is the last level of SBI from here but we cannot see this level because we are positive for INDIA )
You will never fail with this method. Be Invested
#SBIN #NSE - TRIANGLE BREAKOUTSTATE BANK OF INDIA
TRIANGLE BREAKOUT.
Gap up and high volume breakout.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
State Bank of India can show momentum outside the narrow Range Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
SBIN is consolidating in narrow range from past many sessions
If decisively sustains outside the Box range, directional movement could be possible
However in case of Bearish pattern at upper end of range
it may come back to prev week's range
Important downside support is around 800 zone
whereas upside hurdle is aroud 845/850 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
SbinPrice is moving inside a channel. It is giving zig zag movement. Price have to break the channel to give a trending move.
Buy above 825 with the stop loss of 820 for the targets 830, 835 and 840.
Sell below 815 with the stop loss of 820 for the targets 810, 805 and 800.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SBIN - One Simple horizontal LineStrong Stock from Strong sector (PSU Bank): IOB, UCO bank, PSB, Central bank of Ind, Maha Bank already showed momentum.
-One simple horizontal line setup, took support from 21 ema. And now squeezed between 10 ema n resistance level.
State Bank of India ( potential to break its all time high)
Sector: Bank - Public
HTF chart shows strong uptrend in this largest public sector bank.
on daily chart , we can see resistance becomes support with bullish structure...
can accumulate for all time high target....
SHORT SBIChart are self explaining not a buy or sell recommendation just a Look from my Side.
Consult your advisor..
State Bank of India As we can see the price was bullish before making a new High, and thereafter it was consolidating in the range and as per the fundamental analysis it will continue its trend 📈, so Long entry after upper range can be formed for 5% with a minimal Stop loss of 1-1.5% can be made.
Good luck 👍
SBIN DOUBLE BOTTOM CONFIRMATIONState Bank of India (SBI) an Indian multinational public sector bank and financial service ready for big rally.
In recent quarter we saw a tremendous growth in banks financial statements and we got confirmation on chart that stock is ready for Rally.
In past few weeks we do see stock form double bottom pattern on weekly basis.
CMP : 820
SL : 760
T1 : 880
Note : This is only for educational purpose
SBI Breakout from sideways movementSBI Breakout from sideways movement. What should be the stop loss?
State Bank of India Is ready to move on blue sky Zone !!!Hello Traders !!!
State Bank of India is ready to move high. The detailed analysis is in my video. Pls do check this out. It would be good for swing trading or positional trading.
