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Sbintechnicalanalysis

SBIN : at Wave C completion zoneSBIN Analysis (20th Dec 2024) The chart of SBIN (State Bank of India) illustrates an extended retracement to mitigate liquidity, a failed breakout (BO), and a corrective wave completion. Let us dive into a step-by-step educational breakdown of actionable levels. Current Structure: The price has recently formed a corrective wave structure (A-B-C) and is trading near a potential demand zone around 818-834. The first target zone lies between 850-852. Further breakout could lead to an extended target between 900-912. The stop-loss is below 814, where failing the deep retracement may result in bearish continuation. Action Plan: Buying Opportunity: Consider entering near 818-834, as this aligns with the golden retracement zone. This is a low-risk entry given the confluence of previous support and corrective wave completion. Targets: Book partial profits around 850-852. If momentum sustains, trail stop-loss to 845 and aim for 900-912 as the extended target. Stop Loss: Place a stop-loss below 814 to manage risk. A failure here could invalidate the setup, resulting in further downside risk. Risk-Reward Ratio: Buying around 830 with a target of 850 (initial) and 900 (extended) offers a risk-reward ratio of approximately 1:3, making it a favorable trade setup. Key Educational Note: Green trendlines denote bullish movement, while red illustrates potential bearish risks. The yellow trends indicate a sideways range, highlighting consolidation zones. Disclaimer: This is not financial advice. Always consult with a SEBI-registered advisor before trading. Like and share if you find this analysis helpful!
NSE:SBINLong
by LiveTradingBox
1
SBIN--Head & Shoulders pattern??This stock is bullish in action. A strong fall is noticed from the header section 795 levels and we have a left shoulder at 780 levels. price after clearing the liquidity below neckline price will take u turn until the right shoulder which is strong. So keep an eye on this stock for short once reaches to the right shoulder area. we have a demand zones lies at 650-640 areas. wait for the price to form a right shoulder, to confirmation and breaks the neckline for more confirmation and retest for more confluence to enter short side up to the demand zones.
NSE:SBIN
by IIT-Trader
1
SBIN--Bullish Outlook to Long ??Observations:: SBIN --->> Price is trading in a channel... if we see the difference between the HH is decreasing gradually... which is a sign of reversal in this stock... clearly price created a gapdown as well, indicating a bearish sign.... we are clearly in an uptrend, price tries to go upside from 570-555 range, but that not move too much..only 20-30 points we can expect. Look for buy when price comes back to the below levels, We have a demand zone,@540 levels, and strong movement to the upside is observed at 530 levels, if we enter long in this area we will ride the trend again and only be exited at 630 levels only. Keep a note on this levels, and also track this levels.
NSE:SBIN
by IIT-Trader
SBIN--Drop base drop formation??Observations:: This is a continuation post to my previous post about SBIN:: Consolidation Happens between the demand zone and supply zones. Price restriction is happens between the zones. While breaking the previous demand zone, price leaves a supply zone @586-590 range, if price wants to test this supply zone and falls below or continue to fall down. A Drop -Base-Drop is going to be observed, we have left with drop formation, if price breaks the smaller trendline will observe a fall towards target 1 and target2. keep track this instrument.
NSE:SBIN
by IIT-Trader
3
SBIN--Fake Breakout @590 range.----->> after strong fall from 588-590 range, price again coming back to supply zone with consolidation to upside, if failed to create a new high and falls below 575 range then sell for the target of 565 range. the demand zone @ 575 range acts as support and the demand zone created at 582 becomes resistance, hence price is in consolidation. if price consolidation to downwards price again rise from 565 range. Monthly expiry is between 590 to 565 range. keep track of these levels.
NSE:SBIN
by IIT-Trader
SBIN--Which is Support Trendline or Resistance??Observations:: the stock is trending upwards. ------>>Today SBIN is showing Bearish pressure. -------->>Bearishness is continue or Reversal May Happen at 570 levels. ---------->>Previously A strong selling pressure is observed at 570 level ,look at the reaction at these levels to go upside or downside. ---------->>Previous Resistance if turned as Support again, price will rise. ------------>>price break and acts as resistance more fall is going to observe. keep an eye at these levels. ------>> we have a trendline support as well, keep look at these levels. Please like, if this information is Helpful.
NSE:SBIN
by IIT-Trader
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....
NSE:SBINLong
by Tradelikemee
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. If you find this technical analysis useful, please like & share our ideas with the community. 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.
NSE:SBINShort
by maxprofwizard
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.
NSE:SBIN
by Trading_hawk
SBIN | Go long | Use the Pull Back.When it comes to SBIN , the stock is still in good uptrend. Last day market closed near 460 & likely to reach 464 soon. Though it is not a good idea to take the position right now since price is too far from previous support area and it is also expensive now. I think you might get a good pull back to get in. You could use the support area to get in when price falls. When market opens next day, if the price gaps down & break S1, make sure to go long from S2; which is a demand area. Once you are in, make sure to place the stop below the nearly support area . If you find this technical analysis useful, please like & share our ideas with the community. 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. 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.
NSE:SBINLong
by maxprofwizard
SBIN DAILY TIMEFRAMESNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NSE:SBINLong
by hadimozayan