SBINSBIN testing its support and RSI moving down so it can do rsi outside from overbought zone so SBIN can touch its next target.
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SBIN trade ideas
SBIN State Bank Of India #SBIN #SBIN braked a strong resistance and now new target of SBIN is 588 - 600 then it will give retracement as per #priceaction #chartreading and #trendanalysis
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Support & Resistance Zones in 1 DTF//SBIN***Bullish-Trend, the Higher Highs and Higher Lows represents that, just Follow the Trend, the Trend is our Friend
>The above pattern has solid Support(3) & Resistance(5) Zones are perfectly formed.
>The Stop Loss should be strict due to the high volatile market conditions. The perfect SL would be around 525(-4.5%) according to me.
>The Target only for 1:2 Risk Reward, ideal would be 10%!
> The break-out is looking strong in 1 WTF, go watch yourself.
***SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020.
#The holding outlook as of Jun 2022 Quarter:
Promoter(Govt): Slightly Decreased.
FII's: Decreased.
DII's: Increased.
Public: Slightly Decreased.
SBIN IN 1D TFSBIN broke a strong resistance and ready to give a nice up move. You can Set your own targets according to your Risk Management.
Chart of the week. SBI Best of our government bank, SBI has finally given breakout out after 10 months of consolidation. Since last November the stock was taking resistance around 540. This week, however, it has managed to give a weekly closing above 540. SBI is a great Techno-Funda pick and each investor should have this stock in their portfolio. Targets as per Fibonachi are very aggressive so one should keep a deep SL and hold this share for long term view.
CMP - 553 W
Target - 620, 741, 862, 940 W
SL - 515 W
View - Medium to long term.
STATE BANK OF INDIA #SBIN LONG VIEWMy analysis for NSE:SBIN
If 15min candle sustain above. My target would be 546 & Stop Loss will 535 only.
Note: My personal view, only for learners.
SBIN - TRADE PLANCheck out the trade plan for SBIN today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
SBIN has Revisited the resistance and is now in consolidation under this resistance and support zone.
STATE BANK OF INDIA Long for 546 #SBINNSE:SBIN If 15 min candle close above 538.50 then my target would be 546. SL will be 534 Only.
This is my personal view. Only for learners
Buy Long-SBIN at 531 for target of 623,SL-524,Exp.returns-17.32%NSE:SBIN Up flag pattern break out with high volume, Timeframe-16 days
SBI Stock Trade Setup Idea for 29 August, 2022SBIN looks bearish in the daily chart.
SL: 529
Target: 500(a round level)
Rish:Reward: 4
The next support level is 490.
SBI DAY CHART breakout or fakeoutSbin day chart traying to break pattern
What do you thik guys breakout or fakeout
Comment you thoughts
#SBINSBIN cmp 528
Buy above 530
sl below 507
Target 550++
SBI coming out of range.. Good buy at CMP for swing traders
Bearish in SBIBearish in SBI AS PER SECIFIED PRICES IN CHART.
There is a possible bearish move HEAD.
The movement is fast and so stop loss should be followed strictly.
SBIN Long on dips..SBIN on good setup with long as theme on dips....all in chart check your risk and play it right.
SBI Daily Chart - Evening Star Pattern with high selling volumesDear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Evening Star Pattern near 52 W high- Reversal Pattern. Shall we expect profit booking after decent rally in SBI?
SBI fly or fallThe stock is trading near resistance area
Immediate resistance is placed at 545
Breaking above the resistance will give a breakout and next level to watch will be 600
However trading below 520 will trigger some selling pressure and 477 level can not be ruled out.
SBIN sell for intraday tradingSBIN sell for intraday trading if stock and BANKNIFTY was also weak then we will enter in trade.........
SBINMade very decent bottom at 430 levels.
Divergence in 2 TFs - Hrly N Daily.
Must have picked calls of 450/460 at 20June with SL 425/420 then and keep TSL later on.
or hedged with 400PE.
Tailwind of BNF.
SBIN - DAILY TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
