Sbinanalysis
SBI Wave CountNow SBI Move to 5th Wave
if day candle close with target Zone 1. we can consider wave it end
incase day candle cross the target Zone 1, then move to Target 2.
SBINSBIN looking Good to go Long
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
SBIN is in BUYING ZONE SBIN will breakout from short term trend line also at support and you can see gap has been filled you can buy for a short term target of 420-500
SBIN : My View for April Flag Pattern breakout on daily chart. keep watch and Enjoy.
I am Not Sebi Registered Analyst .
!!!This chart pattern is for study Porpose only !!!
SBIN AT SUPPORTThe stock has reached multi-timeframe support and chances are high that it could see some bounce from here.
Game Over For Sbin ???Evening Star On Weekly Time Frame
Sbin Is Sell, Closing Price 381
Strict SL Of 428 (WCB)
Target - 300/270
Bearish breakout in SBINIt has broken the important support of 385 and has closed to the lower levels.
It has also crossed the trend line.
Since there was a gap from 360-383.
It is ready to fill in the gap. With overall Banknifty falling, problems ahead for SBIN
SbinSentiments and key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
SBI Major MoveRSI is in overbought zone and needs to cool down to have another big move. If it stays above 400 for net 3 weeks we can go to 600 or else it wont be able to break the resistance line and can fall down to 300 or 276. That is where I will enter in long position. I took my profits.
Bearish Head & Shoulder Pattern in SBIN for coming sessionsThis analysis is purely for intraday or STBT trades.
Red lines or bars represents resistance. Green bars/lines represents support. Yellow horizontal bar represent the current price level
State Bank of India appears to forming the right shoulder of "Bearish Head & Shoulder Pattern" in Hourly as well as 5 minutes Time frame.
The neckline seems to be near 192 level. If that level is broken with volume and price sustains below that level.. then the support of 185 level may be seen quickly.
Advice would be to see the price action at the current level (yellow horizontal bar in the chart). if that level is broken with volume then price will go down to complete the neck line.
State Bank Of India - Price may fall.Hi Traders,
The price of SBI has broken the upper channel which is an indication of exhaustion. There is a key zone at 297 - 314 levels which is in confluence with a Fibonacci retracement level, So we can expect the start of a bearish cycle from these zones. The price can react with the golden zone but the overall momentum will be bearish. If price manage to break the key market structure, we can confirm the start of the bearish cycle which will result in the break of the trendline.
Note:-
1. The key market structure can change if price tests the Key zone at 297 - 314 levels.
2. This analysis can be used only for long term positions.
3. This analysis is done based on technical analysis without considering any fundamentals.
Pls comment below for any queries.
Happy trading....
SBIN - Good Volume breakout SBI has given a clear flag breakout in the daily chart with good volumes.
This pattern breakout is one of the best chart patterns with a good success rate.
Now, time to watch how soon it will reach the expected target of 320-325
SBIN LONGGO LONG IN SBIN AS IT SEEMS TO BE COMPLETING THE LAST WAVE 5 OF MAJOR WAVE 3. IT IS PROJECTED AROUND 273 CONSIDERING WAVE 1= WAVE 5.
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shortterm gain for SBINThe price is taking support of the inclined red color trend line. The price is been fluctuating within the parallel area. I believe the price might go to Rs. 263 before testing the water.
But the MACD is about to enter to -ve zone. So someone might have to wait for some time before entering into this.
SBIN Long SetupBuy : 200 , 205
Stop : 175 for short term , 160 for long swing
Target: 220 , 230 (short) , 250 , 270 ( long )
