Get started

Sbin

SBIN : Simple trendline setup waiting for breakoutHi All, Its just couple of trendlines drawn over the highs & lows..nothing fancy here. SBIN is ranging for past few days so we are expecting breakout(expansion) soon, so whichever the direction breakout happens enter with proper stops. Being expiry day today it may give false breakout so be stingy about your stops.The same setup is forming in SBIN hourly also..check on higher timeframe... Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
NSE:SBIN
by InsiderB
1
Nifty : Descending-Broadening Wedge Pattern , What Next ?Edit : Sorry about Line spacing, Don't know why there is too much space, checking with admins. This pattern brings up numerous questions about Nifty. Will Nifty raise till 8279 ? Will it break the wedge & move-up on breakout ? Will it retest upper trendline and return to retest lower wedge trendline ? For all these question its not right time to answer, only guess can be based on experience, which wont help much to figure out where to enter & where to exit. This Wedge pattern can breakout upside if Nifty goes on to 8279 and I will be entering long on pullback only not during breakout itself. ( Am conservative trader,not aggressive) If Nifty retests 8280's-8300's gives us triple-top I will short the market. For these to happen Nifty needs to break the resistance zone 8150's-8170's. If anyone wants to go long do only in 15min or 5 mins (take small trades only) based on your plan and entry rules bcos I won't suggest long here to ride till 8280's in Hourly timeframe. Happy Trading !
NSE:NIFTY
by InsiderB
8
SBI Counter Trend Trade : Risky Plan Hey Guys, Happy Monday.. Only we traders have the guts to say Happy Monday instead of Monday Blues :P So lets jump to our analysis and why I am planning for an counter trend trade in SBI. This is one of my favorite setups to trade, No matter what others say or think...I am deeply in love with counter Trend bcos it makes us analyze various reasons to enter trade & I like that analyzing part very much.That's why its My Favorite setup. When you take a look at chart we can see there is an ABCD pattern which ends up right in our marked resistance zone. As of now market is 5mins away from opening, while I post SBI price may be away from our zone if gapup/gapdown happens today. Do we have only ABCD pattern no not at all ? If we look on eagle's view we have Bearish Bat & Bearish Gartley also which I have drawn as two patterns in above chart. And this Gartley beauty comes across our resistance zone synchronized with ABCD pattern. I will be shorting SBI, only small positions in Gartley/ABCD zone and some more when bearish bat completes if Market moves in bullish trend. Just one thing before we wind up, Countering trend is risky and people don't like to do, so only if you are aggressive trader take this idea and trade SBI, else I strongly advice you to keep this idea in radar n watch the trade, bcos staying away from trade is better than losing money in trade with high risk. Do Me a favour guys, Hit that Like button to show your support which keeps Me motivated to post more... Thanks to everyone of you !
NSE:SBIN
by InsiderB
Nifty : False Channel Breakout or Early Breakout ??Let's start with Britain's referendum polls. No one is sure what will be poll results, Its Neck to neck between BRemain & Brexit. What Nifty will do inline with poll results ? If Bremain happens - Nifty Gap Up ; If Brexit - Nifty Gap Down. Rare case : There is possibility of Nifty ignoring the result as India has some vested interest in both scenarios Coming back to charts, we have channeling and price ranging for past few days between 8000 to 8300. Today the upper trendline broke and we have solid close above trendline. This can be false breakout or early breakout for bullish run, cant say with much confirmation as the channel is still in formation. If Upper Breakout is valid, then Nifty will try to fill previous gap @8350's but if markets are in full bullish momentum & didnt face any resistance around 8350's , it will straight away go for 8500's - small pullback -then 8600's. On Downside Nifty has very strong support @8000's,but some valid fundamental thing needs to happen to break this level sooner or later to retest 7500-7700's. After that markets will touch 9000 mark. If 9000 happens straightaway that it will be fragile. Dont miss to note the double top @8295, which means market can move lower if Double top works.Both these scenario's gets complex with Brexit poll news. So wait till results then look at charts to make a decision. Please Hit Likes which encourages to post more Idea's... Happy Trading !
NSE:NIFTY
by InsiderB
9
SBIN : Simple Bullish Trend Continuation EntryNote : Unless some macroeconomic news affects banking sector, SBI has good potential to move up in coming weeks as most of loans written off & market has adjusted to that. But Jun 14-16 with Fed meetings markets can react , Feds always do what they think right not what needs to be done. The zone marked above has been tested 4 times, so I am expecting it will be acting as support zone around 200. With gap down opening market is right in our zone but if you wish to enter at better price to reduce risk,plan your entry. Anything above 1 is good for entry. You can also use this for trend continuation for longer targets in SBIN. Don't trade bcos I posted, do your analysis if it convincing enough to take trade then enter. Happy Trading !
NSE:SBINLong
by InsiderB
5
Simple Enough : Trend Continuation SBI Buy (Hourly)Lets keep patterns, triangles and Wave theory aside for sometime. Lets keep it simple for State Bank of India , as you can clearly see simple trend continuation and we are planning to buy on the pull back completion. Some may feel that how can we be so sure ? Well, as per my rule book trend continuations with good risk :reward are valid enough. Please check your stops,entry and targets before entering State Bank of India (SBIN). Hit Likes for Agree / Comment your views... Happy Trading !
NSE:SBINLong
by InsiderB
2