Sbinanalysis
SBI Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
SBI has posted excellent results and clearly beat the market expectations. I am feeling quite happy for long term investors who are consistently getting rewarded. SBI is trend is positive & momentum on buying side is strong. Buy on dips strategy is working well in SBI, however traders must be careful near new lifetime highs and work level by level with strict stoploss and maximize the profit using trailing stop loss.
Shall we wait & look for buy on dips opportunity in SBI in coming days?????
Yes, I think so.
Shall we book profits near major resistance levels/near new lifetime high?????
Yes, I think so.
Shall we short SBI near new lifetime high?????
We should avoid to short.
Is correction in coming days due to imported weakness in Indian market/RBI rate hike to curb inflation, likely to be buying opportunity for traders & long term investors????
Yes, I think so.
Please share your thoughts as well. Good luck to traders & investors for profitable trading in SBI.
SBIN - TRADE PLANCheck out the trade plan for SBIN today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
SBIN has Revisited the resistance and is now in consolidation under this resistance and support zone.
SBI Daily Chart - Evening Star Pattern with high selling volumesDear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Evening Star Pattern near 52 W high- Reversal Pattern. Shall we expect profit booking after decent rally in SBI?
SBI reached near monthly resistanceDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
SBI reached near monthly resistance. Is it a good time to book profit?
Have I booked profit ? Yes, I booked it today and now I will wait for buying on dips opportunity.
Many Thanks, Have a profitable day ahead!
SBIN - DAILY TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
SBIN | Good Short Opportunity.When it comes to the technical analysis of SBIN, you might get an impulse to the downside. Based on my technical analysis, you might see a fall to the downside. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just above the entry area.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
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Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Simple Trade Setup | SBIN | 18-04-2022 [INTRADAY]NSE:SBIN
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SBINHello and welcome to this analysis on STATE BANK OF INDIA
On FEB 15, it showed a very strong reversal after 5 days of steady decline from 550 to sub 500.
Currently on the hourly time frame it is completing a bullish flag and pole pattern suggesting upside levels of 535-540 as long as it does not break below 510.
Good Risk Reward set up here