KEEP AN EYE on SBI , its in very important zone .THE STOCK IS REPEATEDLY MOVING TOWARDS RESISTANCE AND THEN RETRACING . IF THE STOCK FAILS TO CROSS RESISTANCE . NICE SWING GAINS CAN BE EARNED BY SHORTING
SBIN trade ideas
SBIN shall be reached 200 Rs on 27th july 10.00 amSBIN shall be reached 200 Rs on 27th july 10.00 am
Science Backed by Data[SBIN Series]: SBIN looks BullishNSE:SBIN looks bullish on 15 min chart with ichimoku cloud showing bullish breakout. RSI looks to be trending bullish. Initial immediate targets looks 192.10/194.55 with immediate Stoploss of 187.25 for risky traders or for brave traders 186.30/185.25.
For swing traders first target is 202.50 and then with trailing stoploss till 210-215.
If you are interested in what sectors are doing good, look for this analysis in related ideas.
CNXPHARMA
AuroPharma
Britannia
Reliance are leaders from last week. CNXIT is emerging as a fast challenger beating CNXFMCG . BankNifty is still a poor laggard.
July Performance
2020 Performance
SBIN WILL BE BULLISH BECAUSE OF IT'S SO MANY SUPPORT/RESISTANCE SBIN IS TOUCHING IT'S SO MANY SUPPORT/RESISTANCE & TRENDLINE
SBI look Bullish For Swing Trade.NSE:SBIN
SBIN trading in uptrend channel and today stock taken out its last swing high and sustain above it.
I am considering SBIN for swing trade with SL of 181 closing basis.
I am looking for target of 197 first and if SBIN hold strong that level then may be 202++ also possible.
SBI - Great opportunity for InvestorsSBI in Sideways …. Great opportunity for investors to go for long.
Stop Loss @ 85 is good.
Trend in SBIN set upwards correct me if I am wrong new in T.AStock making higher highs and lower lows.
SBIN ::: A PROBABILITY19 JUL 2020
INSTRUMENT: SBIN
CMP: 188.20
TIME FRAME: DAY
EXPECTED TREND: LONG
PRICE ACTION:
TARGETS FOR THE DAY ARE:
189.77 190.25
CHART ANALYSIS:
THERE IS A STRONG RESISTANCE BETWEEN 190.25 - 191.95 WHICH IF REJECTED CAN BRING IT DOWN TO 185.65 TO 178.05
MY ANALYSIS:
EXPECTING SBIN TO COME BACK TO 185.65 TO 178.05 ONCE IT GETS REJECTED AROUND 190.25 LEVELS.
SAFE TRADERS CAN SHORT SBIN BELOW 186.50.
RISK TRADERS CAN SHORT BELOW 188.50 LEVELS
STOP LOSS FOR BOTH WOULD BE 191.25.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Sbin forecast for 19-7-2020 to 23-7-2020Sbin has took very strong support at 181 to 180 range .It move upside with the ABC pattern targets of 192 196 and 202.Buy on deeps
SBI If SBI breaks the pink line, go long, until then wait for SBI to respect the price action trend line.
If it doesnt break, you can short when it touches the line. (ONLY INTRADAY, DONT HOLD FOR SHORTING)
BUY above 186.30 target 88.3, s.l 84.75BUY above 186.30 target 88.3, s.l 84.75
StocRSI in +ve divergence in 15 min chart
State Bank - Crawling BackState Bank now crawling back above 50 EMA...! Once breaches 100 EMA around 210, it will be back to 250 soon! But the crawling between 195-210 will be there.! Below 180, it can again test 150.
Dow Theory Higher High's in #SBIN #Banknifty My Personnel view that this higher high formation will continue and hedging call for Monday via Protective Put or Covered Call Strategy will give significant amount of money .
BUYING WITH STRICT STOPLOSS 148.20 1.TARGET 198.60 , 2.TGT 242THIS IS MY CHART OPINION PLEASE TAKE UR OWN RISK OTHERWISE IGNORE MY IDEA
SBI LONG!!SBIN HAS GIVEN A BREAKOUT, POSITIONAL TARGET ARE AROUND 260
SBI BUY -196 STOPLOSS 189
TARGET1-215
TARGET2-240
NIFTY PSU SECTOR IS ALSO IN LINE WITH THE BREAKOUT GIVING MORE REASON TO RALLY.
