SBIN trade ideas
SBI - Intraday/Very short term swingThis analysis is purely based on price action
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
SBIN SBIN is currently in Sideways trend and current very short term mode is sell
Last day we seen series SBIN future(OCT) shed nearly 31 lakh position in Open Interest which accounts nearly -3.1 % of Total Open Interest in OCT series.
The open interest is also not increasing with downtrend, which means this is a time for caution so don't lose your chips
What you can do as buyers is to wait for the RED LINE to break. If that happens a sudden outburst is possible to happen both in volume and price.
SBI to return to precovid levelsSBI has formed a higher low and is consolidating sidewards. It will break out and reach target 1 - 240 and target 2 -300. Keep stop-loss at 190rs. or when the 8 ema crosses below the 20 ema in daily charts. This will take around 3 TO 4 months.
[POSITONAL] SBIN SHORT TRADESBIN has never moved >17% in a month in last 2 years
hence
shorting 215CE @ 1.45
buying 225CE@ 0.9
also retesting ema9
SBIN - Bearish SBIN CMP – 195.70
Looking Bearish and any bounce can be shorted. One can go for Intraday / Swing trade with the following entry, exit & targets
Sell range 192.55 - 190 / Stop Loss 196
Target 1 - 188
Target 2 - 185
Target 3 – 182 / 177
Short Term - 150
Note: This is my view and for educational purpose only
SBIN on Support Demand zoneSBIN can recover if breakout from 1hr SM triangle as its on support on daily trade line
SBI LONGsbi is in bullish trend making higher highs and higher lows, it has taken support of ascending trendline and is looking bullish for coming sessions, if it crosses the previous higher high, which is around 193.80, it can then show upward move untill 196 and even try to touch the daily timeframe resistance level of around 198
Sell SBI for target of 185/181/176193 level is the highest resistance level for the reversal to an uptrend.
Expect weakness in SBI to continue.
Short for a target of 185/181/176
RajaMegha...
SBIN (NSE) - Elliott wave analysisWelcome guys,
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SBIN (NSE) - It dropeed in double zigzag down and going up in ABC zigzag, which is having two probability as either C will gets extension or choppy down price action. So wait for more price action to get more direction. At least common down price action expected up to 186.50 from 191.
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