SBIN trade ideas
STATE BANK OF INDIA After a long consolidation making an inverse HNS it broke out with a good volume. This is already a good entry point but for the more safer investors, entry above 213 would be ideal.
SBIN Not a confident Long1. SBIN Trading in that crap channel since long time.
2. Expecting a new range of trade
3. Immediate target of 210 or a stop loss of 192 (I entered at 192.5) this crap made me miss lot of opportunities. Low^Low confidence trade.
SBIN can test 180 if neckline support brokenTomorrow crucial day for SBIN. If neckline support is breached then 180 is next support
SBI LongDetails are on chart.
Entry point is 197 and expected target should be 215.
Please do your own analysis before making any trade.
SBIN - Buyers Active at Support It has been observed that the price action formed a ascending triangle on chart and then breaks a strong bullish candlestick breaks above the ascending triangle and the resistance zone. Then the price action falls back to support where bullish buyers showed buying again indicating a further move up.
Expected Target: T-210, 220 & SL - 190 (1:3, 1:5)
SBIN -- INTRADAY TRADING SETUP FOR 18 AUG 2020 1 THIS IS FOR ONIY EDUCATION
2 ENTRY WHEN TRENDLINE BREAK WITH VOLUME
TARGET ; T1 189.5 T2 185.7 T3 181.40
SL ; 193.90
STATE BK OF INDIA 1HRBEARISH Crab@1.618XA.
RED HORIZONTAL LINES are DAILY RESISTANCE & SUPPORT
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. Low volume shows no interest to the upside from “Smart Money” so prices will not go higher.
If price Breaks Red Trend line is where EXIT before SL hits
price need to follow Green Trend line & hit target
POTENTIAL SELL
seems SBIN giving breakout from ascending triangle seems SBIN giving breakout from ascending triangle and its trading near 200DMA
SBIN
Refer to the above charts, where had warned about the failed breakouts, but this times it seems to be good
Now as it has cleared the recent high of 202.50 and it has closed above it,
Once it sustains then play for 208 & 215 with sl of 202.50
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BIG BREAKOUT ON CHARTON DAILY CHART IN BREAKOUT FROM THE RANGE OF 180-202
CLOSE ABOVE THIS LEVEL
LOOKING GOOD ON CHARTS
NEXT HURDLE AT 212
BUT TREND IS POSITIVE.
SL 195
BE LONG ON THIS CHART
