Sbin
SBIN starting for an UPTREND DIRECTION hey guys ,
SBIN stock was moving in a DOWNTREND.
this stock was following a pattern called -
TRIANGLE PATTERN
but now , this stock has CROSSED it's RESISTANCE .
this stock has crossed it's resistance before 5-6 days and now this ato k has retested,
and we can see a great GREEN CANDLES
ALSO ,
the 20 DAY EMA has crossed the 50 DAY EMA .
THEREFORE, i think that you can buy this stock and
i have marked the RR RATIO , TARGET AND SL for y'all .
BUT FIRST CONSIDER THE GLOBAL SITUATION
1. INFLATION
2. WAR
3. RISING BANK RATES
AFTERWARDS YOU CAN BUY THIS STOCK AND EARN GIGH RETURNS
SBIN - STATE BANK OF INDIA'
😀😀
SBI Sell (Triple top formation on daily chart)
Due to the formation of triple top
prices are expected to go down.
Major support zones or Take Profit areas:
400 (best TP: above 401 )
353(TP: above 356)(0.5 fib retracement)
332 (Historical supp/resist zone)
The price is expected to fall to around 353 and could possibly fall to 332.
#ANGELONE #ZERODHA #EDELWEISS #ANANDRATHI #ISEC #MOTILALOFS #IT#ANGELONE
NSE:ANGELONE
NSE:ANGELONE
CMP: 1452.50
Entry Price 1440
Target: 1900+
SL: 1170
RR Ratio > 3
Return > 45%
Time Frame < 6 months.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia