SBIN trade ideas
SBIN LONG#SBIN GIVING BREAKOUT ON DAILY CHARTS IF SUSTAIN ABOVE 205 FOR 60 MINUTS CAN TOUCH 210 215 220+ SUPPORT PLACED AT 195 DCB
SBIN will be out from the TriangleIf SBIN goes above 196.8 without going further down than it will be a perfect buying opportunity, as it is rising from the downward channel line will try t touch the upper channel line @ around 215
STATE BK OF INDIA 1HRBearish GARTLEY Strong PRZ
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 downside from “Smart Money” so prices will not go lower..
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 PROFESSIONAL MONEY .Price on breaking of ULTRA HIGH VOLUME Candle LOW with No DEMAND i.e place to SHORT (No demand means volumes lower than previous two )...REVERSAL From GARTLEY or BIGGER Shark ?
Potential SELL
SBI - Bullish - expecting price will move to 210SBI - About to break out from symmetrical triangle pattern and move towards 210. Accumulation zone between 188-192.
SBIN | About time to go LONG- Forming an ascending triangle pattern.
- MACD squeezing in.
- RSI consolidating
- Something BIG is coming!
SBIN 10 August SBIN in downtrend as per-
MACD - 1.46
RSI- 52.08.
and we will go for short after confirmation and Stron Support will be 50 EMA - 188.63,
Educational Purpose Only....
#Sbin was in Sideways Sbin was in sideways and did not perform as expected and did not give an opportunity for short but we can go for buy postion(Long) Target- 194- 195 a strong Resistance with 187.50 Support for swing trading...
For intraday short wait untill breakdown below 187.50 target- 185.
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SBINWaiting for a breakout on either side on SBIN.
Timeframe - Daily
Pattern- Triangle pattern breakout.
SBIN - Heading towards a Bilateral Pattern "Ascending Triangle" Its creating a Ascending Triangle on a 4 Hrs daily chart. Around 6th August the trend can either go up or dip down. The entry point for SHORT is 186 and Target 180. The entry point for LONG is 201 and target is 220.
SBIN 15MNBEARISH GARTLEY for SCALPING
ULTRA HIGH VOLUME for going Short Positions 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 ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND ( Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN 1HRBullish GARTLEY FORMED AT MAJOR CONFLUENCE of Trend lines So strong potential reversal zone
ULTRA HIGH VOLUME for going Short Positions 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 ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND (Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Very Short Intraday Opportunity for 4/8/20SBI expected to tag 190 lows from current price of 192.20. Expecting a bearish day tomorrow.
DISCLAIMER
This analysis is purely subjective and in no way a stock recommendation to buy or sell. :-)
