State Bank of India view for Intraday 15th May #SBIN State Bank of India view for Intraday 15th May #SBIN
Resistance 810 Watching above 811 for upside momentum.
Support area 780 Below 800 ignoring upside momentum for intraday
Watching below 778 for downside movement...
Above 790 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBIN trade ideas
SBIN📈 Updated BUY Trade Plan – SBIN
Trade Component Value
Entry 775
Stop Loss (SL) 757
Risk 18
Target 995
Reward 220
Risk-Reward Ratio 12.2
Last High 900
Last Low 680
SBIN – Updated MTF Demand Zone Analysis
🔹 Higher Time Frame (HTF) Demand Zones
Timeframe Trend Proximal Distal Average
Yearly UP 660 500 580
Half-Yearly UP 660 600 630
Quarterly UP 660 600 630
HTF Average 660 567 613
🔹 Medium Time Frame (MTF) Demand Zones
Timeframe Trend Proximal Distal Average
Monthly UP 660 600 630
Weekly UP 738 719 729
Daily UP 775 757 766
MTF Average 724 692 708
🔹 Intraday Time Frame (ITF) Demand Zones
Timeframe Trend Proximal Distal Average
240 Min UP 775 757 766
180 Min UP 775 757 766
60 Min UP 775 757 766
ITF Average 775 757 766
✅ Consolidated Trade Points
Metric Value
Proximal Avg 720
Distal Avg 672
Combined Avg 696
✅ Strengths of the Setup:
All timeframes (HTF, MTF, ITF) show a strong UP trend, indicating alignment and directional strength.
Entry (775) is on a well-established Daily + Intraday demand zone → offering a solid support area.
Despite lowering the target from 1144 to 995, the RR remains high at 12.2, making this a still-attractive trade.
Target (995) is a reasonable swing move and sits well above the last high of 900, aiming for a new price discovery.
⚠️ Risks / Things to Monitor:
SL is tight (757); price could spike near it before moving higher—consider having a buffered SL or confirmation-based entry if volatility increases.
If the price retraces below 757, it would invalidate the current demand zone strength in the short term.
Conclusion:
This remains a high-conviction long trade, albeit with a slightly moderated target for a quicker reward realization. Strong confluence across all timeframes supports your trade thesis. Great RR, disciplined stop loss, and aligned demand zones offer a technically sound plan.
A dynamic exit strategy
Scaling plans (partial exit at 900)
Alternative SL strategies or re-entry if SL hits
State Bank of India view for Intraday 12th May #SBIN State Bank of India view for Intraday 12th May #SBIN
Resistance 810 Watching above 811 for upside movement...
Support area 780 Below 800 ignoring upside momentum for intraday
Watching below 778 for downside movement...
Above 800 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBIN levels for 08/05/20251. Trend Overview (Multi-Timeframe)
Daily (D): Bullish
4H (4-hour): Bullish
1H, 15M, 5M: Bearish
🔎 This suggests a short-term correction or pullback within a longer-term uptrend.
2. Price Action
Current Price: ₹777.50
Recent High Rejection Zones:
₹784.50 – ₹787.00 (resistance)
₹810.10 (resistance)
₹829.00 – ₹835.50 (stronger resistance zone)
Support Zones:
Immediate support: ₹774.00
Next supports: ₹741.00 and ₹731.10
📉 The price is hovering just above a support zone at ₹774.00, having recently rejected from the resistance zone near ₹784.50.
3. Candlestick Patterns & Structure
Lower highs and lower lows are visible in the short-term, confirming the bearish structure on intraday timeframes.
A small consolidation or base building is occurring around ₹774.00, which may act as a launch point for a move in either direction.
4. Key Levels to Watch
Level (INR) Type Implication
784.50–787.00 Resistance Selling pressure seen here
774.00 Support Holding this could trigger bounce
741.00 Support Breakdown target if 774 fails
810.10 Resistance Reversal zone if price recovers
5. Market Bias
Bias: Cautiously Bearish in short term, unless price reclaims and sustains above ₹787.
A break below ₹774 may accelerate selling toward ₹741.
On the other hand, a bounce and break above ₹787 may indicate a short-term reversal back to ₹810.
State Bank of India view for Intraday 20th May #SBIN State Bank of India view for Intraday 20th May #SBIN
Resistance 810 Watching above 811 for upside momentum.
Support area 780 Below 800 ignoring upside momentum for intraday
Watching below 778 for downside movement...
Above 800 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBIN SBIN is currently trading around ₹800 and is positioned at a crucial support/resistance zone (around ₹790–₹800). This level previously acted as resistance and may now act as strong support.
Before taking a trade, two scenarios should be clearly considered:
1. Upside Confirmation (for a Bullish Trade):
If SBIN closes above ₹805–₹810 with strong buying momentum, a long (buy) position can be initiated.
Target: ₹840 / ₹870
Stop Loss: Below ₹788
2. Downside Confirmation (for a Bearish Trade):
If SBIN gives a daily close below ₹790 and the support breaks, a short (sell) trade can be taken.
Target: ₹765 / ₹740
Stop Loss: Above ₹805
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
State Bank of India Ltd view for Intraday 23rd April #SBIN State Bank of India Ltd view for Intraday 23rd April #SBIN
Resistance 825 Watching above 826 for upside movement...
Support area 815 Below 815 ignoring upside momentum for intraday
Watching below 815 for downside movement...
Above 825 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBIN Breakout Alert | Strong Volume + RSI Confirmation🔍 Chart Analysis Summary
Pattern: Stock has broken out of a clear consolidation range (highlighted in blue), suggesting bullish momentum.
Volume Spike: Notable surge in volume (blue arrow), confirming the breakout strength.
RSI: RSI has broken above the 60–65 zone, indicating strong bullish momentum.
Price Action: The breakout occurred above ₹775–₹780 resistance, now acting as support.
🟢 Recommendation: BUY
Action Level (INR)
Buy Above ₹785–₹790 (on minor dips or current price)
Target 1 ₹835
Target 2 ₹875
Stoploss ₹755 (below the breakout support zone)
for educational purposes only
SBIN - Inverted Head and Shoulder - BreakOut- DailyThe chart clearly depicts Inverted Head and Shoulders (H&S)**, which is a **bullish reversal pattern**. Here's the updated analysis for **SBIN (State Bank of India)**:
---
### 🧠 **Pattern Recognition: Inverted Head & Shoulders**
- **Left Shoulder**: Formed in **early February 2025**
- **Head**: Deeper low formed in **early March 2025**
- **Right Shoulder**: Higher low formed in **early April 2025**
- **Neckline**: Around **₹785**, which has just been **broken on strong volume**
This pattern often marks the end of a **downtrend** and the beginning of an **uptrend**.
---
### 📏 **Measured Move Target**
- Neckline Breakout Level: ₹785
- Depth (Head to Neckline): ₹104.75
- **Target = ₹785 + ₹104.75 = ₹889.75**, which aligns almost exactly with the marked level of **₹888.90**
---
### 🔍 **Volume Confirmation**
- Volume has **increased notably** on the breakout candle, which is a **key confirmation signal** for H&S patterns.
---
### 🧱 **Support and Resistance**
- **Breakout support (neckline)**: ₹785
- **Next resistance levels**: ₹888.90 → ₹912
- **Downside support zones**: ₹775, ₹680 (head base), and major at ₹620.70
---
### 📌 **Summary**
- ✅ **Inverted Head & Shoulders** pattern confirmed
- ✅ Breakout above neckline with volume = bullish
- 🎯 **Target**: ₹889 (approx 11.5% upside from breakout)
- 🔄 Watch for potential retest at ₹785 for a low-risk entry
---
SBI Breaks Head and Shoulders Pattern on 4H Chart – Time to Buy?SBI Breaks Out of Head and Shoulders Pattern – Pullback Entry Opportunity at ₹876
State Bank of India (SBI) has been forming a classic Head and Shoulders pattern on the 4-hour timeframe, and it has now successfully broken below the neckline, signaling a potential bearish move ahead.
From a trading perspective, this breakout could present an opportunity for short sellers. A pullback or retest of the neckline around ₹876 could be an ideal entry point for those looking to ride the trend. If the pattern plays out as expected, downside targets are seen in the ₹845–₹850 range.
As always, traders should monitor price action closely during the retest and manage risk accordingly, as false breakouts are always possible, especially around key levels.
SBI: Inverse H&S BreakoutThe Inverse Head and Shoulders pattern is a bullish reversal chart pattern that signals a potential trend reversal from bearish to bullish. It consists of three key components:
Structure of the Pattern:
Left Shoulder: A price decline followed by a temporary rally.
Head: A deeper decline forming the lowest point, followed by another rally.
Right Shoulder: A decline similar in size to the left shoulder but not as deep as the head, followed by a move higher.
Neckline: A resistance level that connects the highs of the two rallies after the left shoulder and head.
The Inverse Head and Shoulders pattern in SBI, with a neckline at ₹783, indicates a potential bullish reversal. The stock has formed a well-defined left shoulder, head, and right shoulder, suggesting that selling pressure is weakening. The target price for this breakout is ₹900 calculated by measuring the distance from the head’s low to the neckline and projecting it upwards. If the stock sustains above the neckline, it could gain further momentum. However, traders should consider placing a stop-loss at 730 to manage risk in case of a failed breakout.
SBIN Long *Inverted Head&ShoulderExciting pattern on SBIN(State Bank Of India) chart!
Validation of my target:
1. Inverted Head & Shoulder pattern confirmed on daily chart.
2. Neckline breakout already happened @ 822
3. Target Calculation: Neckline + (Neckline - head low)
Approx. 874,
4. Technical Indicator also supportive
*RSI trending up from oversold zone
* MACD crossover happened recently.
Target will range between 10 points 864 to 874.
Risk to reward is 1:3
Stop Loss previous low 760
For Educational purpose only
SBIN 754 - a good to buySBIN 754 has given inverted HS pattern which suggests it as a good to buy for target 855
in.tradingview.com/symbols/NSE-SBIN/
What is SBIN stock forecast?
We've gathered analysts' opinions on STATE BANK OF INDIA future price: according to them, SBIN price has a max estimate of 1,050.00 INR and a min estimate of 700.00 INR. Watch SBIN chart and read a more detailed STATE BANK OF INDIA stock forecast: see what analysts think of STATE BANK OF INDIA and suggest that you do with its stocks.