SBIN trade ideas
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......
trend breaktreding is not easy but proper some time you are a expirince in market way are importent
this pattern are regular market ganrate daly small time frame and long time frame
SBIN breakoutSBIN is making a channel pattern since feb 2021 (for 3 months)now itis showing breakout from the channel pattern which is good for going long.
i hope you like my idea
STATE BK OF INDIA 1HRBEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN Long Elliot Wave 5 playBuy at CMP with SL below 315. Wave 5 Tgt are (1) Wave 3 top (2) Anywhere between 0.382 to 0.618 FIB levels from Wave1 to 3.
sbin short below 360 SBIN facing resistance at 365 , a very strong resistance at this level , short it below 360 with target of 349 and buy above 365 only when it sustain minimum 15 min candle with satisfying volume .
let's see where nifty opens tomorrow
disclaimer:- these are my personal views .
SBINChannel breakout in Daily Tf at the same time closing above 50ema showing a upside move. RSI on a crucial level of 50
if breaks 364 on Daily TF can see a upmove till 400
SBIN : Expected to launch shortly!Certainly a downtrend since a month has been observed. Now according to market/bankNifty movement, a. decent breakout is expected in the short run.
SBIN 15It's a prediction the if market breaks either of the levels then it will move accordingly.
Disclaimer: it's as per my study/analysis, so sharing just for knowing whether I am correct or not. (Knowledge Purpose)
Double top and Inverted H & SShort SBI
Reasons:
Double Top Pattern
Inverted H & S
Trying to fill the Gap
(Imp levels mentioned)
(Only for demonstration)
STATE BK OF INDIA 4HR
CONFLUENCE Of DAILY & 4HR Bullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
POSITIOAL INVESTMENT VIEW IN #SBINPOSITIOAL INVESTMENT VIEW IN #SBIN
SBIN LOOKING VERY STRONG CMP 320 KEEP ADDING TILL 190
STOP LOSS - 170 CLBS
TARGET -370 430 470 520 +++ NEW HIGH
SBIN is in BUYING ZONE SBIN will breakout from short term trend line also at support and you can see gap has been filled you can buy for a short term target of 420-500
Possible uptrend based 15mins ChartPrevious Close as on Friday, April 9th, 2021: ₹353
Buy at: ₹354.50 (during uptrend)
1st Target Price: ₹356
2nd Target Price: ₹359
Ambitious Target: ₹360 - ₹363
Stop-Loss: ₹ 350
Trailing SL: After reaching each target price
Duration: Intraday on Monday, 12th April (based on 15mins chart)
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the stock market.
