Long

SBIN- Analysis

Updated

SBIN- Analysis

Chart Legend
...... - Dotted Green Line - Bullish make or break Level
..... - Dotted Red Line - Bearish make or break Level
..... - Dotted White Line - Major Levels
Line - green or red - Major levels

Buy zone:- 540 to 612
Stop loss -518 to 529

Few targets to Monitor
637, 742, 855

Please comment if you wish to see my analysis for any stocks.

Please do your due diligence before trading or investment.

Thank you.

Trade active

First target achieved, will book some profit around 658 to 663 and add more if come to retrace around 620

Note

Perfect high 659.60

Note

See Low of around 633.. this analysis was done two days ago ..
perfect movement in stock ..

Note

Forgot to mention, this will be good chance to buy or average (today or tommrow), if you want are investor.

Please do your due diligence before trading or investment.

Note

Revise the stop loss to around 632 on day closing.
below 632 is bearish and above this is bullish.

Note

maintain stop loss as per your risk management, 632 or 529 or 518, Long term investor can consider 580

Please do your due diligence before trading or investment.

Thank you.

Note

if day closing is below 619 dont hold the position, otherwise safe stop loss is around 570.

Note

New range for script above 651 bullish, below 620 bearish

Trade closed manually

For study and Analysis -
Book some or full profit, add more/new entry only if closes above 804 only, if holding small stoploss will be 745 big stoploss will be 725

For intraday on 21st Feb only - if goes above 777 then go long, target of 802 to 804, above this more bullish, below 772 you can short, target of 746 to 745, below this more bearish.

Note

yesterday made perfect high of 777.5

Note

Looks like todays closing will be around 745 which is our bearish make or break level.
still Iam not sure what will be the next moment in this stock as PSU bank index is mild bearish, Banknifty and Nifty is also indicating indicating bearishness , were this stock contributes.

just wait and watch the todays closing to see if we can get some clues for the next movement

Note

Close to our last target of 855, watch for levels of 848 to 855,
and Next Important level will be around 960 ..

bearish side 792 will be Important level

PrashantTaralkar

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