SBIN trade ideas
Trend in SBIN set upwards correct me if I am wrong new in T.AStock making higher highs and lower lows.
SBIN ::: A PROBABILITY19 JUL 2020
INSTRUMENT: SBIN
CMP: 188.20
TIME FRAME: DAY
EXPECTED TREND: LONG
PRICE ACTION:
TARGETS FOR THE DAY ARE:
189.77 190.25
CHART ANALYSIS:
THERE IS A STRONG RESISTANCE BETWEEN 190.25 - 191.95 WHICH IF REJECTED CAN BRING IT DOWN TO 185.65 TO 178.05
MY ANALYSIS:
EXPECTING SBIN TO COME BACK TO 185.65 TO 178.05 ONCE IT GETS REJECTED AROUND 190.25 LEVELS.
SAFE TRADERS CAN SHORT SBIN BELOW 186.50.
RISK TRADERS CAN SHORT BELOW 188.50 LEVELS
STOP LOSS FOR BOTH WOULD BE 191.25.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Sbin forecast for 19-7-2020 to 23-7-2020Sbin has took very strong support at 181 to 180 range .It move upside with the ABC pattern targets of 192 196 and 202.Buy on deeps
SBI If SBI breaks the pink line, go long, until then wait for SBI to respect the price action trend line.
If it doesnt break, you can short when it touches the line. (ONLY INTRADAY, DONT HOLD FOR SHORTING)
BUY above 186.30 target 88.3, s.l 84.75BUY above 186.30 target 88.3, s.l 84.75
StocRSI in +ve divergence in 15 min chart
State Bank - Crawling BackState Bank now crawling back above 50 EMA...! Once breaches 100 EMA around 210, it will be back to 250 soon! But the crawling between 195-210 will be there.! Below 180, it can again test 150.
Dow Theory Higher High's in #SBIN #Banknifty My Personnel view that this higher high formation will continue and hedging call for Monday via Protective Put or Covered Call Strategy will give significant amount of money .
BUYING WITH STRICT STOPLOSS 148.20 1.TARGET 198.60 , 2.TGT 242THIS IS MY CHART OPINION PLEASE TAKE UR OWN RISK OTHERWISE IGNORE MY IDEA
SBI LONG!!SBIN HAS GIVEN A BREAKOUT, POSITIONAL TARGET ARE AROUND 260
SBI BUY -196 STOPLOSS 189
TARGET1-215
TARGET2-240
NIFTY PSU SECTOR IS ALSO IN LINE WITH THE BREAKOUT GIVING MORE REASON TO RALLY.
Eager to BUY SBI, take a look on Monthly chartLook at this monthly support line, now its major resistance..
Wait for breakout then go for LONG...
SBI breakout vd good volumes after testing 196 resistance levelsSBI breakout vd good volumes after testing 196 resistance levels many times
