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
SBKFF trade ideas
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
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.
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
SBIN BreakoutMarket Analysis
The breakout occurred with strong volume, indicating robust investor interest. This price level of 826, which previously acted as a resistance, has now been convincingly surpassed, signaling a potential upward trend for SBI.
Technical Indicators
The relative strength index (RSI) is firmly in the bullish territory, further bolstering our confidence in this breakout. Moreover, the moving averages are trending upwards, which is yet another positive sign.
Bullish Outlook
With these bullish indicators, we could see SBI continue its upward trajectory. The next resistance level to watch is at 850. If SBI can sustain above this level, we could see a further rise in the share price.
Risk Management
As always, it's critical to maintain a balanced portfolio and adhere to your risk management principles. Ensure that you have stop-loss orders in place and are prepared to adjust your position should the market conditions change.
Closing Thoughts
This breakout represents a potentially profitable opportunity for those looking to go long on SBI. However, remember that all investments carry risk, and it's essential to conduct your thorough research and analysis before making any investment decisions.
SBIN 1HR- EARN WITH ME DAILY 10K-20K -
SBIN Looking good for Downside..
When it break level 826 and sustain.. it will go Downside...
SELL @826
Target
1st 820
2ND 816
SBIN MAY FUT – LOT 9 (Qty-6750)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..