SBI Bank : High OI build up and strong on all indicator#SBI on July 31 reported a standalone profit of Rs 4,189.34 crore for the quarter-ended June, a growth of 81.2 percent over the year-ago period, driven by stake sale in the life insurance business. Showing Bullish result in Technical Parameter: CCI is treading UP RSI is treading UP MFI is treading UP Stoch %k crossed above %D William %R Trending UP Aggressive new Long Aug PCR OI is 0.54 means oversold. ---------------------------------------------------------- Resistance : 194.70 & 200 & 210 Breakout : 192.50 LTP : 191.10 Breakdown : 189.5 Support : 184.65 & 180 ---------------------------------------------------------- Positive & Negative Point: 1) Bullish in Daily chart. 2) Neutral in Weekly chart 3) Bearish in Monthly chart. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)by singajai1
SBI weak below 187SBI will be very weak below 187. Looking good for short selling.Shortby fusiontrader17294
SBIN Swing TradingSBIN target of 210 with support of 188 as per trendline and 185 as per OI,, and sbin tried so many times to cross 199 200, I wish SBIN may give breaout above 200 and reach the target 210. If you found this post helpfull so please like and encourage..by omgautam98227
MONDAY 27/07/2020 INTRA DAY TRADE SBINBUY NEAR 190.80 T0 193 STP LOSS 189 TARGET 205.7Longby behraniraviUpdated 5
SBIN buy for long term SBI buy CMP 187 . Tgt- 204 . Time frame 1 month . Longby UnknownUnicorn103551513310
SBI: Buy on DIPSBI: * Instrument started reacted higher from the low 150 which could be the completion of overall corrective sequence and currently could be the overall trend reversal for upward direction. *can start buying this instrument from current level 189, can add more if it reaches the level 160-180 level.Longby venkatsivam8
SBI watch this weekBN has a lot of resistance around 23K, only possibility of it crossing if SBI and ICICI start moving up. Possible SBI upmove this week, keep a watch if it crosses 204 then quick upmove might come. Only for educational perspective. Don't trade on this idea.Longby kkirancse4
SBI-Need to split you entries or above 203 seems good buyMarket Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views... Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijay13
Next target 210SBI is aiming for 210 probably by next week if it overcome 200 resistance.Shortby aravindncUpdated 338
SBINNSE:SBIN It has again crossed the hurdle level, and closed at 199, now let it clear the recent high of 202.50 and let it sustain If it does, then play for 208 & 215 ********************************************************************************************************************************************** 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. ***********************************************************************************************************************************************Longby akkshay11Updated 5
TWO DAYS STRATEGY Long SBI ABOVE 195 TO 199 STOP LOSS 189 .6 X Long SBI ABOVE 195 TO 199 STOP LOSS 189 .6 X HEAD & SHOULDER NECK LINE CROSSED CUP & HANDLE FORM VORTEX IS GOING POSITIVE TARGET 243 . 254Longby behraniraviUpdated 226
sbin - ascending triangle pattern Hello Everyone! Strong resistance near 200-202 | once it sustains this level can cross 210-212 level | pullback is even possible, target 182 Plz like idea and share your feedbackby shivampuri207