Sbin
SBIN Weekly/Daily long 196,188-182 pro: 1.at swing low weekly SBIN Weekly/Daily long 196,188-182
pro:
1.at swing low weekly
2. entry to the zone is straight, so quick bounce
con:
1.very smaller daily candle in execution zones
2. 4 hrs candles are extremely small
confirmation entry only in daily candles
Will SBI cross the Control Price?SBI is currently moving under the control price and making a parallel channel. But because of the election, all the markets will get affected. Right now, it's trying to move upward to cross the control price ( 213 ).
If it crosses the control price, then it will touch the following levels 217.70 - 226.30 . That means the control price will react as support the same as the previous it reacted.
But as I mentioned above, markets will get affected. There is a strong possibility of a reversal. If it takes a reversal, it will come down and hit the following levels 195.20 - 192.50 . That means this time control price will react as the resistance.
SBIN 6 NOV 2020, 15 MINsbin wait for breakout for scalping either upside or down , highly depndent on nifty movement
SBI - Intraday/Very short term swingThis analysis is purely based on price action
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
SBIN SBIN is currently in Sideways trend and current very short term mode is sell
Last day we seen series SBIN future(OCT) shed nearly 31 lakh position in Open Interest which accounts nearly -3.1 % of Total Open Interest in OCT series.
The open interest is also not increasing with downtrend, which means this is a time for caution so don't lose your chips
What you can do as buyers is to wait for the RED LINE to break. If that happens a sudden outburst is possible to happen both in volume and price.
SBI to return to precovid levelsSBI has formed a higher low and is consolidating sidewards. It will break out and reach target 1 - 240 and target 2 -300. Keep stop-loss at 190rs. or when the 8 ema crosses below the 20 ema in daily charts. This will take around 3 TO 4 months.
SBIN on Support Demand zoneSBIN can recover if breakout from 1hr SM triangle as its on support on daily trade line
SBI uptrend analysis and potential head and shoulder formationSBI looks to have formed a bottom and heading for upside targets. If it makes a lower high i.e fails to break previous highs around 230 and then breaks past 193 on the downside then consider the trend to be reversed.
SBIN Looking good on charts for this Monday - 14-09-2020We see that SBIN crossed strong resistance at 201, As per the charts, this may reach 213 easily in a few trading sessions.
SBI levels for monday 14-09-2020State bank of India levels for 14-09-2020.
Don't short sbi if it's above 197. It's bullish above 197 so it can go 210, 220 easily.
SBIN Heading to 220,230 in 15-20 daysSBIN has given ascending triangle breakout on 25-Aug (on daily chart) with high volumes & is in rising channel pattern now. RSI is at 67
Now it's Heading to 220,230 in 15-20 days SL 200 this is around 5-10% R.O.I
