SBIN trade ideas
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.
SBIN Is following trend line in 15 Min Time frame.SBIN Chart in 15min candlestick...already hit 4 time on the trend line
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.
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.
SBIN--Demand fails to create a new high, look for sell??----->> 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 565,555 range.
keep track of these levels.
SBI SBI good trade based on price action
And results in 18 may 23 I think results are expected number
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.
SBI SBI is now at its major resistance. We can expect a little downside from here to form a Cup and handle pattern. And it will boost itself to the upper side. As its technicals are very good at the moment.
SBIN 1H (3 APRIL 2023)NSE:SBIN
528 act as resistance in sbin.if opened above 528 then it will be support . trend will be bullish above 535 level.
if opened below 528 then 528 will be the major resistance.downside target 518.
SBI - Good Short Zone As From Double Bottom 499 500 SBI make High 564...
now it's reach near Resistance Zone. one can Initiate Short Position with stop 572CB
Objective - Supply base short view.
Disclaimer - Only for Educational purposes view.!
INTRADAY IDEA ON 24-04-2023in SBIN we will take a long and short trade,this content is made for learning and educational purposes only.
INTRADAY IDEA ON 20-04-2023in SBIN we will take a long and short trade this content is made for learning and educational purposes only
SBIN-Bearish gap is filled or may reversal.SBIN is showing Bullish pressure.
bullishness is continue or Reversal May Happen at 545 levels.
Previously A strong selling pressure is observed at 545 level ,look at the reaction at these levels to go upside or downside.
if acts as resistance more fall is going to observe. keep an eye at these levels.
SBINConfluence:
=About to break market structure
=Imbalance market space
Long @ 536
Stop loss @ 0.50%
Target @ 1%
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
INTRADAY IDEA ON 12-04-2023short trade after retest of breakdown, this content is for educational and learning purposes only.
SBIN in Downtrend (Bearish Crossover ) in Daily TimeframeAs we can see SBIN is retsesting. So as per Fib retracement it can take resistance at 525.95 and 541.65. These are importance price level for retesting. For being in downtrent SBIN should respect these levels. I hope this analysis can help you to understant broader view of SBIN.
go with the market.depending on the trend as well as the news from the banks. keep a close look on the direction of market goes for 5 to 10 min. then trade depending on that information.
just go with the market.
