SBIN Support & Resistance the support and resistance levels for State Bank of India (SBIN). Based on the information provided:
Support Levels:
1. Support Level 1: 779.68 INR
2. Support Level 2: 783.08 INR
Resistance Levels:
1. Resistance Level 1: 790.28 INR
2. Resistance Level 2: 804.97 INR
These levels can be helpful for traders and investors to make informed decisions about their trades in SBIN stock. It's important to monitor the market conditions as these levels may change based on price movements.
Trade ideas
State Bank of India view for Intraday 19th September #SBINState Bank of India view for Intraday 19th September #SBIN
Buying may witness above 796
Support area 783-786. Below ignoring buying momentum for intraday
Selling may witness below 783
Resistance area 792-796
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
SBIN REDAY FOR 5TH WAVE Ready For 5th wave
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SBIN Swing Long Setup - State Bank Of India is currently Trading at 790.85
- We are currently in a good zone if you are looking to build longs
- All PSU banks moved up except for State Bank of India
- Peers are performing quite nicely hence we might see SBIN following and doing the same
- Invalidation of this swing will be below 765
State Bank Of India Support on 200 EMA | Swing Trade SBIN Stock Support on 200 EMA
RSI above 40
(Long Term price Support at 730 if you are long term investor that you enter 50 % Near 780 or 50% add amount Near 730) SL 720 TG 885
Short term trader enter @785/775
SL 760, TG 825/885
Disclaimer :-
: I am just share my personal view as a trader.
: Everything I discuss is for educational purpose only.
: Please consult your financial adviser before taking any decision.
: Trading in Equity market involves risk.
: I am not responsible for any losses incurred by following this chart.
SBIN : A perfect breakdown short trade📉 SBIN has depicted a perfect breakdown of rising trend line in the Daily time-frame.
🔰 It's RSI also broke the 40 level in the Daily chart. So, it's a clear trade of short.
🟥 Short : 785-780
🎯 Target : 760 / 730
🛑 SL : above 800
⚠️ Disclaimer : It's not a buy/sell advice. It's a view only for educational purposes.
SBIN -Inverted Cup and Handle -Daily - BearishSBIN—Inverted Cup and Handle—Daily—Bearish
Stock closed below good support level 795 with good volume.
Good to buy puts if it retests the neckline—support level 795.
As on Sep 8th, It looks like nifty will be gaping down due to US market has fallen on Sep 6th and GiftNifty indicates gap down also in Nifty50 so we may see the price can go down.
SL - 795.
Target - 691
755 which is 200 EMA can act as support
OI information:
CE OI - 820 which can act as resistance
PE OI - 780 will act as support; we need to check on 9th Sep if we have a gap down , the price can test the 691 level.
Always welcome for any comments with your feedback, or give it a like if you find it useful.
SBINI can see two bullish patterns in chart.
1. Ascending channel
2. Rounding bottom
Strong resistance is seen at the zone 824 - 826.
Buy above 820 with the stop loss of 814 for the targets 826, 832 and 840.
Sell below 810 with the stop loss of 815 for the targets 805, 800 and 795.
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.
SbinAfter the fall, price is consolidating and also 800 is an important zone to decide the trend direction.
Buy above 806 with the stop loss of 800 for the targets 812, 818, 824 and 830.
Sell below 794 with the stop loss of 800 for the targets 788, 782, 776 and 770.
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.
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling