Stock looks good for up move - go long above 443.5 for 5-7% Showing Bullish Divergence &
The stock looks good for the up move - go long above 443.6 for 5-7% up move
SID trade ideas
SBIN - BULL FLAG BREAKOUT - Medium/Long Term SwingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
SBI breakout of ascending triangle patternSBIN has been consolidating in an ascending triangle from mid of June series. It has given a breakout from the pattern on 29-07-2021. Immediate resistance is 442. If it gives day close above 442 then can go long for target of 453. Medium term target 582.
SBINSbi was in consolidation phase since may 2021,
and it has seen a complex correction in wave 2, in day before yesterday it has seen a minor recovery after testing the lower bollinger towards upper bollinger band, and finally in yesterday's trading session, it broke out from the consolidation and it has also broke the high of wave 1, with daily Macd turned positive, good price action seen along with trendline breakout and also good intensity of Volume .
Trendline breakout with good intensity of Volume
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick and also above zero
Macd in hourly positive crossover and Uptick and also above zero line
Upper Bollinger band challenged in both daily and hourly along with Trendline Breakout
Rsi in both daily and hourly above 60 uptick and Breakout
DMI ADX UNGALI POSITIVE in Daily and hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
SBIN - Triangle BreakoutSBIN Buy above high
Triangle Breakout coupled with volume
Pivot Breakout Coupled with volume
RSI Brokeout
Target between 5% to 8%
SBIN LONGBreak triangular pattern with good CPR AND Taken multiple support at 420 in daily time frame...
SBIN 1HRBearish GARTLEY
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL SELL
SBIN 30MINBearish GARTLEY
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL SELL
SBIN 15MINBEARISH Deep Crab for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
STATE BK OF INDIA 15MNGARTLEY & Bat expecting Bearish Reversal
Within 3-5 price bars need the confirmation from a BEARISH CANDLE with RSI Below 70
SELL for SCALPING
Bearish Shark in SBIBearish HM in SBI Bank (SL on 5 min. candle close)
PRZ for Sell 435
SL 437
Target : 427,425
CMP 428.90 @ July 23, 2021
Chart by Sandeep Rehlan
SBINNifty PSU banks expected to give a good upmove
formation formed in SBIN.
Breakout expected (Price consolidating in a tight range)
**Educational VIew
SBINSBIN.. DIALIY VIEW LOOKING CUP FORMATION BOTTOM LIN 412 ABOVE LINE 460 PRICE ROATEING BUY BOTTOM ARE ABOVE TARGET WILL SOON 550
SBI Near to lower band of Linear Regression ! Near to lower band of Linear Regression
- Consider buying at 250-230 range
- Weak overall market
Negative
- SBI announced investment in Yes bank
Trading Call - Wait for Bullish signal
Investment - Consider some accumulation
-Only for educational purposes
