SID trade ideas
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....
SBIN starting for an UPTREND DIRECTION hey guys ,
SBIN stock was moving in a DOWNTREND.
this stock was following a pattern called -
TRIANGLE PATTERN
but now , this stock has CROSSED it's RESISTANCE .
this stock has crossed it's resistance before 5-6 days and now this ato k has retested,
and we can see a great GREEN CANDLES
ALSO ,
the 20 DAY EMA has crossed the 50 DAY EMA .
THEREFORE, i think that you can buy this stock and
i have marked the RR RATIO , TARGET AND SL for y'all .
BUT FIRST CONSIDER THE GLOBAL SITUATION
1. INFLATION
2. WAR
3. RISING BANK RATES
AFTERWARDS YOU CAN BUY THIS STOCK AND EARN GIGH RETURNS
SBIN - STATE BANK OF INDIA'
😀😀
tools of price action There are lots of ways to trade the market but the only indicator that will help you in all types of market is Price action
first tool is horizontal lines go to different timeframes based on your trading time if you do intraday trading go to 1hour
and 15 minute for swing trading go higher time frame and draw a horizontal line on important levels where market took support
or resistance how it works is you buy at support and sell at resistance because it has a higher chances of reversal than breakout
second tool is trend line make sure that your trendline touch no less than three point and that is a valid trendline with the
help of trend line you can trade high and low of the stock you're trading
although price action and chart pattern technical analysis will help you find a trade and give you entry points none the less it is not
gonna help you with the psychological issues you have and you will become a profitable trade unless you get your psychology of successful
profitable trader
poor grammar
SBI Sell (Triple top formation on daily chart)
Due to the formation of triple top
prices are expected to go down.
Major support zones or Take Profit areas:
400 (best TP: above 401 )
353(TP: above 356)(0.5 fib retracement)
332 (Historical supp/resist zone)
The price is expected to fall to around 353 and could possibly fall to 332.
SBI looks ready to give a breakdown.Weekly and daily triple top formation along with a small double top pullback with weak banknifty sentiments just makes this trade perfect. LMK if my analysis is right ;). Short term if the trend line is broken then an imp fib level is also broken but once 440- 434 levels are broken im expecting some good downfall
Regards
HASB
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BULLISHIn the loving memory of my child Muffin I present you this chart analysis... ...please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you and makes you smile then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
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