SBIN 10 August SBIN in downtrend as per-
MACD - 1.46
RSI- 52.08.
and we will go for short after confirmation and Stron Support will be 50 EMA - 188.63,
Educational Purpose Only....
SBIN trade ideas
#Sbin was in Sideways Sbin was in sideways and did not perform as expected and did not give an opportunity for short but we can go for buy postion(Long) Target- 194- 195 a strong Resistance with 187.50 Support for swing trading...
For intraday short wait untill breakdown below 187.50 target- 185.
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SBINWaiting for a breakout on either side on SBIN.
Timeframe - Daily
Pattern- Triangle pattern breakout.
SBIN - Heading towards a Bilateral Pattern "Ascending Triangle" Its creating a Ascending Triangle on a 4 Hrs daily chart. Around 6th August the trend can either go up or dip down. The entry point for SHORT is 186 and Target 180. The entry point for LONG is 201 and target is 220.
SBIN 15MNBEARISH GARTLEY for SCALPING
ULTRA HIGH VOLUME for going Short Positions we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND ( Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN 1HRBullish GARTLEY FORMED AT MAJOR CONFLUENCE of Trend lines So strong potential reversal zone
ULTRA HIGH VOLUME for going Short Positions we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND (Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Very Short Intraday Opportunity for 4/8/20SBI expected to tag 190 lows from current price of 192.20. Expecting a bearish day tomorrow.
DISCLAIMER
This analysis is purely subjective and in no way a stock recommendation to buy or sell. :-)
SBIN In Uptrendsbin is trading with increasing volume buyers showing interest and SBIN has given breakout above day high and trying to give breakout above previous day high if we get confirmation of previous day high breakout then we go cor further.
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SBI Bank : High OI build up and strong on all indicator#SBI on July 31 reported a standalone profit of Rs 4,189.34 crore for the quarter-ended June, a growth of 81.2 percent over the year-ago period, driven by stake sale in the life insurance business.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
MFI is treading UP
Stoch %k crossed above %D
William %R Trending UP
Aggressive new Long
Aug PCR OI is 0.54 means oversold.
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Resistance : 194.70 & 200 & 210
Breakout : 192.50
LTP : 191.10
Breakdown : 189.5
Support : 184.65 & 180
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Neutral in Weekly chart
3) Bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
