SBIN trade ideas
SBIN INTRADAY TO SWING Sbi can give a good INTRADAY to SWING trade with a decent stoploss and good Targets
ENTRY - 839.5
Stoploss - 833
TARGETS - 860, 875, 890++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
[Turtle] SBIN 880CESelling SBIN 880CE at 8.75
When it goes down, will sell the PE
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
SBI S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Intraday levels for today 04th June 2024 #SBIN Intraday levels for today 04th June 2024 #SBIN
Buying opportunity above 912
Support area around 900 area
Charts for Educational purposes only.
Not a Trading opportunity
Follow strict risk reward and stop loss if you follow the levels
Thanks,
V Trade Point
SBI S/R for 4/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
SBIN Trading in a range of 5%. Nothing much happened in this counter during the Banknifty fall.
If Banknifty moves up from here then it should give good returns.
Very clear horizontal boundary.
good support at 812. once broken we can see 790-800.
However, if we move up from here then there is a very high chance 836 will be broken and stocks will reach new highs.
Base on Base with #Breakout retest and cosolidationAs we can see on the chart #SBIN has given BO with WRC and volume expansion and after that it has retested and now consolidating in the range.
In this consolidation if you observe it only one negative candle which has no follow through and after that couple of long tail candle which show the buyers at BO level.
Further it is taking support of 20MA which shows me strength of stock.
SBIN UP MOVE Sbin an give a good up move with a decent stoploss and good Targets for swing and positional trade opportunities
ENTRY - 813
STOPLOSS -807
TARGETS - 830, 835++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
SBIN MAY LOOK FOR A CORRECTION AHEADSBIN has been on a robust bullish streak, indicating a possible retracement or correction phase in the near future following its recent rally. There's potential for the price to consolidate within a formed channel before potentially breaking out bearishly, supporting a bearish outlook.
SBIN (Multi-Time-Frame analysis )Beautiful Investment opportunity in SBIN, After a long monthly consolidation , stock gave a Breakout on monthly chart and entered into forming Higher High and Higher Low depicting a Rising channel on Weekly timeframe. It also gave a Breakout on Weekly Tf and made a new High
Investment opportunity can be found with individual's risk reward ratio.
SBIN- AnalysisSBIN- Analysis
Chart Legend
...... - Dotted Green Line - Bullish make or break Level
..... - Dotted Red Line - Bearish make or break Level
..... - Dotted White Line - Major Levels
Line - green or red - Major levels
Buy zone:- 540 to 612
Stop loss -518 to 529
Few targets to Monitor
637, 742, 855
Please comment if you wish to see my analysis for any stocks.
Please do your due diligence before trading or investment.
Thank you.
SBI S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
SBIN looks like buy on dipsThere was a strong bullish breakout in the Daily chart of SBIN on the 25th April. This resistance now becomes a support at 793 which was respected yesterday.
The candle made today isn't very strong but the trend is clearly bullish.
My idea would be to buy with SL below 793 and targets of 830 and 850.
Educational purpose only