SBIN trade ideas
SBINThere are no strong buyers in the Market ... Short term mode is SELL but wont recommend going with sell side
****SBIN is currently in Sideways trend and current very short term mode is sell
In Jun series SBIN future shed 25.47 lakh position in Open Interest also not that the open interest is not increasing with uptrend so be careful and discount of share is also increasing so buyer be cautious At current price strike the activity is tilted to call side and ratio still strong
Stop loss and targets are clearly mentioned in the chart
Short sbin for swingMore chances are to form double top pattern.and rsi is also giving signle to short and that doji on resistance.
Buy SBINBuy SBIN abv 426
stoploss415
trgt-430-435-440
Disclaimer: The above is shared just for educational purpose and is my personal view.
By no means shall I be accountable for any debits/losses amounting out of it.
I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions
Sbi bankLooks like sbi bank is forming double top formation on daily time frame. If it is so then sbi is good for swing trade . Let's wait and watch what it is going to do .
Calendar Spread - ON SBIN-5x 27MAY2021 370CE - ₹ 12.95
+5x 24JUN2021 370CE - ₹ 22.35
-5x 27MAY2021 410CE - ₹ 2.6
+5x 24JUN2021 410CE - ₹ 9.2
+5x 24JUN2021 340PE - ₹ 11
-5x 27MAY2021 340PE - ₹ 5
Max. Profit ₹ +78,244
Breakevens 335.5-422.5
Estimated Margin/Premium - ₹ 350,000
SBINTHE WAY PUTS ARE BEING WRITTEN AT 410, FOR THIS EXPIRY SBIN CAN BE A LONG WITH A STOPLOSS OF 408-410 FUTURE LEVELS FOR A TARGET OF 427 OR HIGHER.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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SBIN buy at cmp and dips tgt new lifetime high SBIN buy at cmp and dips tgt new lifetime high. initial recommendation was made to buy at 344, the trade is still on.
SBI Wave CountNow SBI Move to 5th Wave
if day candle close with target Zone 1. we can consider wave it end
incase day candle cross the target Zone 1, then move to Target 2.
SBIN - Fib & Asc Triangle BreakoutAs on 23-05-2021
Fib & Asc Triangle Breakout
Volume > Average on Breakout
Good Candle with large buying wick
Rsi > 70
Stochastic over bought but FBS top
FBS top negated FBS Bottom
Final Target of 426 lvls
30mins SBIN trendline BOSBIN 30 min breakout from trendline. Looks steady for a Long trade for 24th May. Hopefully, has broken the trendline resistance decisively and is ready for a rally.
30 Mins Regression channel of SBIN-22May21Here is the regression channel for SBIN in 30mins chart for those who have interest in going long in SBIN.
