Sbin
SBI Major MoveRSI is in overbought zone and needs to cool down to have another big move. If it stays above 400 for net 3 weeks we can go to 600 or else it wont be able to break the resistance line and can fall down to 300 or 276. That is where I will enter in long position. I took my profits.
SBI- Will it proclaim the throne of biggest lender?The stock has broken out of 10 years of range. Volumes like that were seen a decade ago atleast. Is smart money giving another attempt to India's Biggest lender? Will it Exceed HDFC Bank's Market Cap this bull run.
Well, time will tell.
Bearish Head & Shoulder Pattern in SBIN for coming sessionsThis analysis is purely for intraday or STBT trades.
Red lines or bars represents resistance. Green bars/lines represents support. Yellow horizontal bar represent the current price level
State Bank of India appears to forming the right shoulder of "Bearish Head & Shoulder Pattern" in Hourly as well as 5 minutes Time frame.
The neckline seems to be near 192 level. If that level is broken with volume and price sustains below that level.. then the support of 185 level may be seen quickly.
Advice would be to see the price action at the current level (yellow horizontal bar in the chart). if that level is broken with volume then price will go down to complete the neck line.
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 - Breakout- Long Watchout SBIN
Currently at important trendline level - if breaks and sustains - we can see 280/295/300+ levels in very short period.
Look at the market trend and take the trade.
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.
SBIN - Good Volume breakout SBI has given a clear flag breakout in the daily chart with good volumes.
This pattern breakout is one of the best chart patterns with a good success rate.
Now, time to watch how soon it will reach the expected target of 320-325
SBINI'm not an expert I'm just sharing my views on SBIN for next trading day
I'm not responsible for any profit or loss this is not a recommendation
SBIN LONGGO LONG IN SBIN AS IT SEEMS TO BE COMPLETING THE LAST WAVE 5 OF MAJOR WAVE 3. IT IS PROJECTED AROUND 273 CONSIDERING WAVE 1= WAVE 5.
sbin upside move we can see 300++sbin share news,
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SBI - Retesting break out levelsNSE:SBIN is retesting break out levels of 230-231. Good to accumulate at current levels and on dips as the risk reward is very favourable. Exit if closes below 220 (giving a little more margin in the fall due to the SC hearing and market volatility). Upside looking at 300 for now.
