SBIN trade ideas
STATE BK OF INDIA 4HRREVERSAL FROM BEARISH GARTLEY or from Bat
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
RSI MUST BE BELOW 70
SELL
trend line and trendprice is rising by testing trend line
trend line has been successful test three time now price again founding support near the trend line.
SBINSBIN looking Good to go Long
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
SBI - VIRUS, ONLY FOR BEARSSBI classic picture unfolding, with bank nifty holding this space should make further inroads, today low around 355 for move towards 378-383. Stay long.
SBINMACD has given buy signal , RSI showing strength, sector performing good, breakout of trendline. Rising volumes. Support and resistance levels provided. Good long expected.
SBI Bank BUY Short termYou can see on Daily Time Frame Flag pattern is broken in SBI Bank and facing Resistance at 370 once it break go long for short term.
SBIN Bullish breakoutSBIN has given a breakout from a triangle pattern with high volumes. Tested the resistance line of triangle and bounced back on the 15-min. Tgt 1: 363, tgt 2: 370. SL: 351.
SBI at critical junctionSBI has taken support from .618 Fibo and faced resistance from trendline again taken support from .50 fibo level. again couldn't move past the trendline resistance. Also stock is in down trend and have taken support from down trending 50 MA
If it breaks out above trendline:
Target: 370 and 390
If it breaks below 351:
Support: 334, 329 and 312
Breakout with pull back observed in SBISBI has been trading in a downward channel from its high of 411. The breakout was observed on 27th April from this downward channel. Made a high of 369 before a pull back. The pull back as on today sits at 353 which is the support point long term trend line of the stock. Chances are the upside will be as high as 400 once the stock crosses 360 levels. It will be called a false breakout only if the price trades below 343.
SBI - KEY TO BANKING PROFITS SBI bulls lost the 347 area, however bears are not safe yet. Buy here stops 339 for move back towards the 350 area. Currently around 343
SBIN will goes down for retesting or to the closer supporti had provided the important levels for SBIN as per analysis SBIN will goes down for retesting after it get retraced then only we should go for buying position and important target are give in charts for both upside and downside
good luck......
