Sbin
Science Backed by Data[SBIN Series]: SBIN looks BullishNSE:SBIN looks bullish on 15 min chart with ichimoku cloud showing bullish breakout. RSI looks to be trending bullish. Initial immediate targets looks 192.10/194.55 with immediate Stoploss of 187.25 for risky traders or for brave traders 186.30/185.25.
For swing traders first target is 202.50 and then with trailing stoploss till 210-215.
If you are interested in what sectors are doing good, look for this analysis in related ideas.
CNXPHARMA
AuroPharma
Britannia
Reliance are leaders from last week. CNXIT is emerging as a fast challenger beating CNXFMCG . BankNifty is still a poor laggard.
July Performance
2020 Performance
SBIN WILL BE BULLISH BECAUSE OF IT'S SO MANY SUPPORT/RESISTANCE SBIN IS TOUCHING IT'S SO MANY SUPPORT/RESISTANCE & TRENDLINE
SBI look Bullish For Swing Trade.NSE:SBIN
SBIN trading in uptrend channel and today stock taken out its last swing high and sustain above it.
I am considering SBIN for swing trade with SL of 181 closing basis.
I am looking for target of 197 first and if SBIN hold strong that level then may be 202++ also possible.
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.
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.
SPOT: SBIN Upside 192 to 197, Downside 188 to 184,178SBIN If sustains above 192 tomorrow 09-July-20
BUY with SL 188.5, Tgt 196-197
Fails to take support below 188, Bears will take control
Shorts may drag stock to 184-178 soon
SBIN - TREMENDOUS SHORT SETUPSBIN - GO SHORT @ CMP WITH A SL OF 195 AND A TARGET OF 140. TARGET SHOULD BE ACHIEVED BY JULY END
Waiting For Breakout / Down From SBINHello guys as you can see SBIN get Multiple Rejection from resistance 1 also making a traingle pattern
So a breakout/down.., I simply waiting for Breakout/Down.
I feel cup and handle is in progress ?If it crosses 192 in the next few weeks, we can see good up move.
STATE BANK OF INDIA FULL TECHNICAL IDEA TO TRADE OR INVESTSTATE BANK OF INDIA FULL TECHNICAL IDEA TO TRADE OR INVEST.
PLEASE GIVE LIKE AND SHARE AND ONE THING FRIENDS THAT HOW DO YOU LIKE MY TECHNICAL ANALYSIS...PLEASE COMMENTS
SBIN Cup and Handle Trade SetupWe have Really Good Setup on SBI
First Buy 175 - 180 RS if comes to that than buy someone
else another entry above 200 RS
