state bank of indiaget ready for something big in sbin i think there will be a psu bank rally lets wait for breakout
SBI
Nifty, Banknifty, Top Stocks Analysis with imp leves!My view on nifty, banknifty, the top stocks and my swing/positional trades.
SBI Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below support zone & the lower trendline. The target is placed near all time high.
Stock looks good for up move - go long above 443.5 for 5-7% Showing Bullish Divergence &
The stock looks good for the up move - go long above 443.6 for 5-7% up move
A Positive News about SBIN to recover Kinfisher Airlines Loan A Positive news for ( SBIN ) State Bank of India stocks. State Bank of India to recover Vijay Mallya's Kinfisher Airlines loan recovery from Property Sale. This would eventually bring a Green Signal for the Stock. Watch accordingly with the Lead Indicators and take your Position.!!
Ideal for Swing Trade !!
short term upside ?1)if sustain above 1005 can move upside for short term
2)59.1% deliveries on 08 jun & 42% on 09 jun 2021
SBI Wave CountNow SBI Move to 5th Wave
if day candle close with target Zone 1. we can consider wave it end
incase day candle cross the target Zone 1, then move to Target 2.
Trade Set up Tomorrow could be a good day to trade on the sell-side if and only if we open flat or small gap up or down(50-60 points) and then 15 min candle closes below 32798.35. Add more quantity if 15 min also closes below 32729. Keep a target of 32564. In last 1.5 hr market made a range as you can see in the chart. Trendline break below or up, in that case, would give a small trade. Keep an eye on the upside trendline too, a breakout above it you can go long for a target of 33298. Gap up opening around 32950 to33050 would make the market volatile, hence in that case safe traders can short call above 33300 and put below 32700(exit this short trade before 1 pm).
STATE BANK OF INDIA - SHORT TERM BUYING BY MARKET INSIDERSSTATE BANK OF INDIA - SHORT TERM BUYING BY MARKET INSIDERS
HOW TO INVEST IN SBI ? and WHY SBI IS NOT FOR TRADERS? COMPLETE PRICE ACTION :
SBI IS ONLY FOR INVESTORS WHO WISH TO INVEST AND FORGET.
AFTER 1 YEAR/2 YEARS YOU CAN SELL AND TAKE OUT PROFITS .
BUY WHEN THE PRICE HITS - SUPPORT LIN E +RSI BELOW 30
SELL WHEN THE PRICE HITS - RESISTANCE LINE OF THE CHANNEL + RSI ABOVE 75
USE ALONG WITH USE RSI- TEAMGAPUP FOR EXTRA CONFIRMATION.
Do the same only when both the conditions are meet.
May be if this year if there is no break out .You can use the same logic above.
Lets see if this could be a 12th year to follow the same channel
why its not for traders ?
Because it hardly takes 1year to 2 year to travel to the opposite direction,where day traders cannot be benefitted
State Bank Of India - Price may fall.Hi Traders,
The price of SBI has broken the upper channel which is an indication of exhaustion. There is a key zone at 297 - 314 levels which is in confluence with a Fibonacci retracement level, So we can expect the start of a bearish cycle from these zones. The price can react with the golden zone but the overall momentum will be bearish. If price manage to break the key market structure, we can confirm the start of the bearish cycle which will result in the break of the trendline.
Note:-
1. The key market structure can change if price tests the Key zone at 297 - 314 levels.
2. This analysis can be used only for long term positions.
3. This analysis is done based on technical analysis without considering any fundamentals.
Pls comment below for any queries.
Happy trading....
SBIN : Looking for a shortSBIN : Looks like major upside rally done. Looking for short now at 290 - 300 lvls for a target of 250 lvl in either Jan or Feb series.
SL remains closing above 300 on daily charts.
