SID trade ideas
SBI - VIRUS, ONLY FOR BEARSSBI classic picture unfolding, with bank nifty holding this space should make further inroads, today low around 355 for move towards 378-383. Stay long.
SBINMACD has given buy signal , RSI showing strength, sector performing good, breakout of trendline. Rising volumes. Support and resistance levels provided. Good long expected.
SBI Bank BUY Short termYou can see on Daily Time Frame Flag pattern is broken in SBI Bank and facing Resistance at 370 once it break go long for short term.
SBIN Bullish breakoutSBIN has given a breakout from a triangle pattern with high volumes. Tested the resistance line of triangle and bounced back on the 15-min. Tgt 1: 363, tgt 2: 370. SL: 351.
SBI at critical junctionSBI has taken support from .618 Fibo and faced resistance from trendline again taken support from .50 fibo level. again couldn't move past the trendline resistance. Also stock is in down trend and have taken support from down trending 50 MA
If it breaks out above trendline:
Target: 370 and 390
If it breaks below 351:
Support: 334, 329 and 312
Breakout with pull back observed in SBISBI has been trading in a downward channel from its high of 411. The breakout was observed on 27th April from this downward channel. Made a high of 369 before a pull back. The pull back as on today sits at 353 which is the support point long term trend line of the stock. Chances are the upside will be as high as 400 once the stock crosses 360 levels. It will be called a false breakout only if the price trades below 343.
SBI - KEY TO BANKING PROFITS SBI bulls lost the 347 area, however bears are not safe yet. Buy here stops 339 for move back towards the 350 area. Currently around 343
SBIN will goes down for retesting or to the closer supporti had provided the important levels for SBIN as per analysis SBIN will goes down for retesting after it get retraced then only we should go for buying position and important target are give in charts for both upside and downside
good luck......
trend breaktreding is not easy but proper some time you are a expirince in market way are importent
this pattern are regular market ganrate daly small time frame and long time frame
SBIN breakoutSBIN is making a channel pattern since feb 2021 (for 3 months)now itis showing breakout from the channel pattern which is good for going long.
i hope you like my idea
STATE BK OF INDIA 1HRBEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN Long Elliot Wave 5 playBuy at CMP with SL below 315. Wave 5 Tgt are (1) Wave 3 top (2) Anywhere between 0.382 to 0.618 FIB levels from Wave1 to 3.
sbin short below 360 SBIN facing resistance at 365 , a very strong resistance at this level , short it below 360 with target of 349 and buy above 365 only when it sustain minimum 15 min candle with satisfying volume .
let's see where nifty opens tomorrow
disclaimer:- these are my personal views .
SBINChannel breakout in Daily Tf at the same time closing above 50ema showing a upside move. RSI on a crucial level of 50
if breaks 364 on Daily TF can see a upmove till 400
