SBIN trade ideas
SBIN INTRADAY 5 APR,2021Dear trader,
If u look at the chart of SBIN (analysis based intraday only) the SBIN support at 351 and Target at 346 and stop loss at 357.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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Good to go LongStatistical Brief
Market Cap₹ 330,791 Cr.
Current Price₹ 371 High / Low₹ 428 / 149
ROE6.79 % ROE 3Yr2.02 % ROE 5Yr2.54 %
Return over 1year111 % Return over 3years12.6 % Return over 5years15.0 %
Profit growth66.6 % Profit Var 3Yrs179 % Profit Var 5Yrs-0.63 %
Stock P/E16.1 Industry PE20.4 CMP / FCF-23.4
Current Resistance @ 375 Trend Positive
Target - First 400 Target - Second 550
Support 345 Pattern Cup & Handle
SBIN LongSBIN
Healthy pattern on the D time frame of SBIN. There is a candle entirely above the trendline. We may have missed that move but it seems there is a lot more coming. Targets given on chart. Position can be initiated with a trailing stop loss as per risk appetite.
Do your own research before entering.
SBIn Good morning traders
In SBIn price macking rising wedge pattern
If this pattern break down side than we can
look for sell entry
Condition 1 : if only and only in Monday
banknifty look berish than look at this entry
Condition 2 : if price cross 362 than take sell entry
For target we need wait for 2-3 days
Happy trading to all of you