wait until the market break the rectangleWait until the market break the rectangle then take your position
SID trade ideas
SBIN 4HRBearish Butterfly formed at Daily Resistance & at Daily pattern zone levels
TOP Reversal --second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful (if second bar high is higher than the first bar high it shows additional weakness). It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN Daily Bearish Butterfly
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBI LongMove started in Bank nifty in last week may continue further and SBI will be a clear winner
One may go long for the immediate target of Rs. 230-240 with stop loss of 216 as per chart.
Once RSI cross and sustain above 60, long position may be made.
CAN WE SEE THE MINIMUM TARGET FROM SBIN?NSE:SBIN NSE:NIFTY
ARE WE HEADING TOWARDS 210 ZONES !
ELLIOT WAVE PRINCIPLE!
CAN WE SEE THE MINIMUM TARGET FROM SBIN?NSE:NIFTY one more pattern to be watched out from leader of the pact! NSE:SBIN
SBIN breakout trade ideaSBIN in close range breakout above 201 with following to volume may lead to good trade
As long as RSI supporting above 50
SBIN - BULLS on the LOOSE Earlier breakout was rejected twice and proved to be FALSE. This time Bulls are on the loose and a target of 230 is achievable on 28 Aug,2020.
It may see a hight target of 250 next week.
SBIN : INNITLooks like the Banks which were underperforming for a while have finally decided to catch up.. beers chilling!
SBIN : 27 AUG 20 :A STRONG RESISTANCE AREA,THIS IS TESTED FOR 4 TIMES. IF BREAK OUT THEN A GOOD OPPORTUNITY. MOST OF THE FINE BANKS ARE AT THEIR STRONG RESISTANCE AREA.
State Bank of India analysis on a daily and weekly timeframeState Bank of India Analysis
123 Trend change confirmed on 9 July 2020 upon the penetration of 8 June 2020 candle. According to Trader Vic method , long position can be taken here with a stop loss below 22 May 2020 candle.
We can see an inverse head and shoulder pattern forming, so we can wait for it to break to enter the trade safety. On 12 August a strong break with high volume. Traders who take breakout enter here. I wait.
Note how the prices are now contracting ( consolidation ), hoping to break above, forming an ascending triangle . RSI is strong and takes the support of around 50. Prices above 20 periods moving average. Volume decreasing making a strong case for ascending triangle.
Overall, a bullish case with the entry above 207.51. Stop loss based on your risk level.
First target 231
Pattern target 249
Third target 294
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SBIN 30MNBEARISH Bat Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY .ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
With RSI Below 70 & IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
SBIN 30MNBEARISH Shark
If price Breaks Red Trend line is where EXIT before SL hits
price need to follow Green Trend line & hit target
POTENTIAL SELL
SBIN looks interesting in day chartsIf it closes above 200.5 its clear road for sbi to skyrocket expected returns around 15-20% for short term
STATE BANK OF INDIA After a long consolidation making an inverse HNS it broke out with a good volume. This is already a good entry point but for the more safer investors, entry above 213 would be ideal.
SBIN Not a confident Long1. SBIN Trading in that crap channel since long time.
2. Expecting a new range of trade
3. Immediate target of 210 or a stop loss of 192 (I entered at 192.5) this crap made me miss lot of opportunities. Low^Low confidence trade.
