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GOLDEN CROSSOVER & Support on EMA- These are 5 popular Moving Average used by Traders mostly on Hourly/Daily/Weekly/Monthly Timeframe. - whenever a fast moving average cut a slow moving average from down to up - its a "Buy" opportunity... For eg: if Green Cut Red and moves above it. - while Buying ... Next Slow Moving Avg below it can be used as SL, Like in above case keep Red as SL Line ... or may be further next as per the risk appetite. - and Opposite condition to Exit. Like in above case if Sell condition comes. - whenever a fast moving average cut a slow moving average from up to down - its a "Sell" opportunity... For eg: if Green Cut Red and moves below it. - while Selling ... Next Slow Moving Avg above it can be used as SL, Like in above case keep Red as SL Line ... or may be further next as per the risk appetite. - and Opposite condition to Exit. Like in above case if Buy condition comes. - You may use some other indicator also to Exit. - You may follow risk reward ratio to Exit. - or some other way to entry or Exit. GOLDEN CROSSOVER:- Golden crossover is a condition when on Daily Time frame "50 Moving Average" Crosses "200 Moving Average" from Down to UP. this is a good BUY opportunity in many stocks. So if you see "Golden Crossover" happening You may Take a LONG Posn. When to Exit this LONG posn depends on your Risk Appetite - You may Exit as per RR ratio - or keeping Slow MA as SL like mentioned above - or waiting for opposite to happen - or Exit as per different TF - or Exit with the help of some other indicator - or any other method you have deviced. 21/50/89 EMA Support:- On Daily Time Frame Most of the Stocks/Indices/Commodities/Forex takes support On 21/50/89 EMA/SMA/DEMA also similar to 200 EMA etc and bounce back from this level. so many traders take LONG posn near These EMA/SMA etc keeping SL at Support level Below these 21/50/89 EMA/SMA etc for good Risk Reward Ratio. these show good support at 1Hour ... Weekly ... Monthly and other time frames also. Such stocks you need to identify. one such example is SBIN ... you can find it taking support at 50-89-200 EMA before Bouncing back... another is Ultratech Cement which bounce back from 89 EMA and 200 EMA. So you need to find out these stocks to make an appropriate entry as per your risk level. I am not a SEBI Registered Analyst. Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing. Hope this helps most people to take basic trade. Happy Trading !
NSE:SBIN
by EliteMasterTrader007
SBIN FOR LONG TERM INVESTMENTNSE:SBIN Hello friends, Again comes with an Idea on SBIN. As per the chart of this stocks seems smart money is buying somewhere in the stock in the flag. Hoping that the stock will break its flag formation upward channel and go for some decent gains. However, there is a big SL which can be problematic for short term traders/investors due to large numbers of COVID surge in our country. Any one having looking for long term investment in the stock can be a good choice. The targets and stops provided on the chart. The short term traders and positional traders can adjust their stops and targets as per their own choices.
NSE:SBINLong
by Stock_TechPro
All you need to know about SBIN; Channel breakout after 2010!Since 2008, SBI has been trading in a slow moving channel of 3% (less than inflation!). For the first time since 2012, the stock has convincingly broken out of that channel. It took >6 months to breakout, retest & finally convincingly breakout of the channel. As SBI has never been in this region before, it is hard to guess what will happen now. Wave theory to the rescue During the pandemic selloff, we can see the classic ABC correction. Since then, the stock has formed a perfect 1-2-3-4-5 impulse wave pattern. Wave 3 is above the 161.8% extension of wave 1 & is at the top of RSI. I believe we are done with wave 5 as we are above the conservative estimate of ~485 (length of wave 1 placed at wave 4 low) & we see a clear divergence in RSI. Also, the volumes are considerably lower. We still need to wait for confirmation as we are still below 161.8% extension of wave 3. Watch out for a correction to 100/200d ema &/or the upper trendline before this stock starts moving up again. Sell below 472 and be ready to buy on any indication of a reversal from 100d/200d ema or the upper trendline. Stock to move slightly down & sideways till then
NSE:SBIN
by kvsrinie