Price rejectionTripple top confirmation by price rejection from the 500 . Looking good for intraday short after crossing the friday's low for the target of 485,482 . Avoid in the condition of gap up and gap down .
SBIN trade ideas
SBINSBIN is at resistance level, so we can see the brearish move idf todays low is broken upto below support level.
sbi bank levelsthe publisher is not sebi registered, these levels are just provided to create your own view.
Swing trade in SBISbi has been trading in the range of 464 and 444 from some days and today the range is broken on the upper side and with fair volumes too. The expectation is that it may retest the 464 level before hitting target of 500 and 540
Good opportunity in SBIN for intraday .!SBIN is in uptrend now and has given a breakout by beaking its 200 ema and a breakout on an important resistance which is now retesting if it sustain the level and retested properly it can give you a good intraday trade .
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.
SBIN - SHORT, TREND BREAKOUT, PATH PREDICTIONhappy new year to all! the SBIN share recently broke out the uptrend both daily and weekly. and also the price is below the moving averages of 21, 50, and 100. so it's time to short the stock. here I have predicted the path and mentioned it in red and blue lines. even though the pin bar forms in the weekly candle at the support zone(in the chart) there is less chance it will go to 540. so wait for a breakout of the zone mentioned in the chart to short the stock. there is a chance for two patterns to form. either double top or head and shoulder. please wait for zone breakout if it does it will definitely touch 315.
please comment your suggestions, thankyou.
SbinSurely price is struggling near 460 however 450 seems to be forming a support zone
Any upside move with significant volume will give be interesting
This is my view and no recommendation
SBI Forming inverted H&S kind of pattern of 15 MTF. If It breaks downside my TGT will be 443/- but only if breaks downside and sustain
Sbin may face red day at 461.90 ? I don't like the really of state bank . I love to sell it intra day around 461.90. I believe resistance will hold #sbin
SBIN ANALYSIS ON TUESDAY 28/12/2021Sbin important level
462 Is heavy resistance for stock to go up .
Keep a eye on 462 level .
If 462 is broken upside we can see 467 .
If 457 is broken downside 451.50 can be seen .
#Do your own analysis before jumping into the trade .
SBI Share Elliott wave analysis hello trader ,
as we can see SBIN is in correction phase and it is forming flat correction . so we can predict that SBIN will give good down move in coming days . btw this is the first and second move of SBIN .
1st move 470
2nd move 415 -420
inverted pole and flag in sbin in 1h timeframestock is ina downward trend and now is consolidating ina a range
sell entry can be created below strong closing of 452.50
and target of 444
sl can be kept in range of 459-461
this is not an investment or trading advise
pls consult your financial advisor before making any move
the given chart is for an educational purpose
Please drop down ur thoughts or any advice on the given chart
SBINNSE:SBIN
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
SBIN BANK SBI Bank was following downward channel.
took support at the trendline which was earlier resistance line.
trading above 200 EMA on daily timeframe.
50 EMA line is acting as resistance on 1 Hour chart.
Resistance line is marked as Red Line.
Support Line is marked as Orange Line.
Volume is reducing continuously.
It as range bound since few days ready to blast upside or downside with volume.
Resistance Levels are 463 - 479 - 491 - 500 - 506 - 515 - 532.
Support Levels are 451 - 444.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
Down Trend Swings-Elliott Wave PatternNSE:SBIN
Elliott Wave Pattern Recognition on Daily Time Frame
Script is Trading in Downtrend
#Priceaction #technicalanalysis
wave analysis vis-à-vis head and shoulder pattern in SBIJUSTIFICATION OF wave analysis vis a vis Head and shoulder pattern formation. this is only for educational purposes. and for those people who believe in wave theory. ENJOY. State bank of India chart under consideration.
Price actionIts SBIN..it making simple Price Action pattern...if the Banking Sector showing Weakness then it could be Break the support and give our target respectively...
SBIN| Good for go long | Get ready for a buyIf you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of SBIN, I think we are going to see a gap down when market opens next day. That doesn’t mean price going to keep falling. Since we have a demand area as well as a support area near 464; where price gapped up, the price likely to get support there and bounce back to move upwards. So get ready to go long.
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.
Sbi looking bullish SBI taken support 0.618 and also 100 providing support…sbi moving in a channel its look like flag pattern also…its just my view
SBIN at demand zoneSBIN at demand zone
taken support form trendline
also taken RSI 40 support
about to breakout falling wedge triangle
