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STATE BANK OF INDIA

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SBIN KEY LEVELS FOR 12/12/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:SBIN
by nandupk
State Bank of India view for Intraday 12th Nov #SBIN State Bank of India view for Intraday 12th Nov #SBIN Resistance 858-860. Watching above 863 for upside movement... Support area 850. Below 850 ignoring upside momentum for intraday Support 850.Watching below 848 for downside movement... Resistance area 858-860 Above 858 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:SBINLong
by vichithra
State Bank of India view for Intraday 8th Nov #SBIN State Bank of India view for Intraday 8th Nov #SBIN Resistance 858-860. Watching above 863 for upside movement... Support area 850. Below 850 ignoring upside momentum for intraday Support 850 .Watching below 848 for downside movement... Resistance area 858 Above 860 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:SBINLong
by vichithra
SBI S/R for 30/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SBIN
by zenthosh
State Bank of India view for Intraday 15th October #SBIN State Bank of India view for Intraday 15th October #SBIN Resistance 807-809. Watching above 809 for upside movement... Support area 800. Below ignoring upside momentum for intraday Support 800..Watching below 798 for downside movement... Resistance area 807-809.... Above ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:SBIN
by vichithra
SBIN 1D TFAs the market is in a bearish phase, we can see that SBI is currently at an important support zone and 200 EMA. If the market continues its trend, we can expect a good fall in this stock. As soon as it reaches or breaks the 760 zones, we can short the stock or buy put options for the current month expecting the first target of 710 levels and the second target of 650. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries. Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
NSE:SBINShort
by simple_trader2022
SBIN Long for Swing PositionOverview: SBIN has been in a downtrend on the 4-hour timeframe but recently bounced from the key support level of 775. The price faced strong resistance at 795, which was a critical level for any upward movement. However, SBIN has now broken through this resistance with solid bullish momentum and has reached 805. This former resistance level is likely to act as a new support if the price comes back for a retest. Trade Plan: Keep a close watch on the 795 support level, especially on a lower timeframe like the 15-minute chart. If the price shows bullish signs around this level, consider buying a small position and holding it for a potential swing trade. The target for this trade would be 900 or higher. On the other hand, if the price fails to hold the 795 support and breaks below, the next area to watch would be 774. If bullish signals appear at 774, it could be a good opportunity to add to the position for another swing trade. However, if the price continues to decline and doesn't hold this level either, it may be wise to wait and look for a better entry at 726 or exit with a stoploss below 775. Conclusion: If the swing high of 805 is broken, open a long position with the trading plan mentioned above. I'll keep you updated on further price action as it develops. Please let me know which stock do you want me to do analysis on. Write down any doubts or thoughts in the comment section and please hit the boost to show support and follow for more update.
NSE:SBINLong
by MrSharelock
Analyzing State Bank of India (SBIN) Daily Chart In this blog post, we will delve into the daily chart of State Bank of India (SBIN), utilizing a combination of advanced technical analysis tools to uncover potential trading opportunities. This analysis will focus on the trendline, Bollinger Bands applied to linear regression predicted prices based on volume, and the MACD with OBV as the source input. Trendline Analysis The yellow trendline on the chart indicates a clear upward trajectory, suggesting a long-term bullish trend. This trendline acts as a support level, where prices have consistently bounced back, reinforcing the bullish sentiment. Traders often use trendlines to identify the direction of the market and potential reversal points. Bollinger Bands and Linear Regression Bollinger Bands, applied to the linear regression predicted prices based on volume, provide a dynamic range within which the price tends to oscillate. The linear regression line serves as a mean price level, reflecting the average price movement adjusted for volume. When the price touches the upper Bollinger Band, it indicates overbought conditions, while touching the lower band suggests oversold conditions. In this chart, the price has recently touched the upper Bollinger Band, indicating a potential overbought scenario. Traders might look for a pullback towards the mean regression line or the lower Bollinger Band as a potential buying opportunity. MACD and OBV Combination The MACD (Moving Average Convergence Divergence) indicator, with OBV (On-Balance Volume) as its source input, provides insights into the momentum and volume flow. The MACD consists of two lines – the MACD line and the signal line – along with histogram bars that represent the difference between these lines. In the current chart, we observe a bullish crossover where the MACD line crosses above the signal line, accompanied by increasing histogram bars. This crossover, combined with rising OBV, suggests strong buying pressure and potential continuation of the upward trend. Key Takeaways for Traders Trendline Support: The upward trendline acts as a strong support level. Look for buying opportunities near this trendline. Bollinger Bands: Monitor the price action around the Bollinger Bands. A pullback to the mean regression line or lower band could present a buying opportunity. MACD and OBV: The bullish MACD crossover and rising OBV indicate strong momentum. Consider entering long positions on pullbacks. Conclusion By combining these technical analysis tools, traders can gain a comprehensive understanding of the market dynamics for SBIN. The trendline, Bollinger Bands, and MACD with OBV provide valuable insights into potential entry and exit points, helping traders make informed decisions. Follow this analysis on TradingView for more updates and detailed breakdowns of other stocks. Happy trading! Feel free to share your thoughts or ask any questions in the comments below. Let’s build a community of informed and successful traders! 🚀📈
NSE:SBIN
by stocktechbot