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Statebankofindia

State Bank of India | Good to Short Friends, please support this idea with LIKE if you find it useful. I'm seeing a sell opportunity here. Use the pullback to get in. Reasons: - Price is trading near a supply zone. - Nifty is weak. - Weak supports. 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 Fx_Stormtrader
1
State Bank Of India- Best buy opportunity HI, I hope everyone is doing well. as the start the last couple of months is really depressing for banking sectors as every major public sector banks is suffering at the moment and it's quite hard to just rely on the Technical side of these assets so just keep in mind that the risk is a little high while we try to go long on them, but it's really interesting to know what our technicals have to say one of major public bank ( State bank of India). As per our analysis, We have found a major support in a month time frame in state bank of India. Remember this call is for holders whos like to double their money in a year. Good luck.
NSE:SBINLong
by CodeViser
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
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