SBIN trade ideas
sbin hope for buyersas we can see the gann line has taken multiple times the selling pressure and has absorbed it well. so this time also expecting the same thing to happen again as stock has tested 50 day ema and daily chart ichimoku kijunsen is at 421.7 exactly from where it has shown a pull back. let s hope for the best for the buyers.
sbin buy ideait can be clearly seen that the script is struggling at 1.272 retracement level since last 3 months at the price 434.80 to give a monthly close above it and not succeeding. But also each month a higher wick is making in the process. Also schiff pitchfork 0.5 retracement line has become a hard obstacle to breakout since last 4 months , here it is also not win over but also not price going downward with a higher speed rather it is making a higher low. This month this line coming across around 449 level. script has already tasted the level and has returned from 1.414 retracement level with a higher speed than its usual speed. Still if we look at the opening of the month and close of the week it has opened above 1.272 level and also survived to close above the 1.272 level on weekly basis. if we look at the moving averages 50 day ema is coming around 435.
So, my conclusion is bullish for the stock and stoploss is very very strict at 434. It might be a tougher job might I will have to buy it several times this week but anyway my move will be stay long above 434 for target 449 and exit at 434 this coming week.
Intraday idea #07/30/2021above 446 we can go long for target 455 + Chart looking good try to break out the last high, Volume is too good to be the contender for tomorrow morning as stock close on day high Every thing is in favor.
SBINAll levels on the charts. SBI bank has just given a perfect breakout from cup with handle pattern. I am holding it from low levels. In long term it can touch 500 levels as well.
SBIN 1 Day Time Frame, BullishSBIN today given breakout of triangle pattern and also MACD is showing crossover. The stock is above 50EMA in days chart.
Stock looks good for up move - go long above 443.5 for 5-7% Showing Bullish Divergence &
The stock looks good for the up move - go long above 443.6 for 5-7% up move
SBIN - BULL FLAG BREAKOUT - Medium/Long Term SwingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
SBI breakout of ascending triangle patternSBIN has been consolidating in an ascending triangle from mid of June series. It has given a breakout from the pattern on 29-07-2021. Immediate resistance is 442. If it gives day close above 442 then can go long for target of 453. Medium term target 582.
SBINSbi was in consolidation phase since may 2021,
and it has seen a complex correction in wave 2, in day before yesterday it has seen a minor recovery after testing the lower bollinger towards upper bollinger band, and finally in yesterday's trading session, it broke out from the consolidation and it has also broke the high of wave 1, with daily Macd turned positive, good price action seen along with trendline breakout and also good intensity of Volume .
Trendline breakout with good intensity of Volume
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick and also above zero
Macd in hourly positive crossover and Uptick and also above zero line
Upper Bollinger band challenged in both daily and hourly along with Trendline Breakout
Rsi in both daily and hourly above 60 uptick and Breakout
DMI ADX UNGALI POSITIVE in Daily and hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
SBIN - Triangle BreakoutSBIN Buy above high
Triangle Breakout coupled with volume
Pivot Breakout Coupled with volume
RSI Brokeout
Target between 5% to 8%
SBIN LONGBreak triangular pattern with good CPR AND Taken multiple support at 420 in daily time frame...
