state bank of indiaget ready for something big in sbin i think there will be a psu bank rally lets wait for breakout
SBIA trade ideas
Ascending Traingle in SBINThere has been a formation of an ascending triangle in the charts of SBIN, do look out for its breakout/breakdown for a good trade.
I am not SEBI Registered and this is purely educational.
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
a clear brakeout have chance to 5 % upsidebuy on your own risk
you can buy at 501 and above
and target of 10% with trailing topless
topless below 465
My love affairs with Bank Nifty, makes it a new HIGH 39370 We were mildly bearish on Bank Nifty early on but around 1:30 pm there was trend reversal and we switched our mildly bearish to bullish view and just keep trailing SL.
TK cross at 38850
MACD cross over
ADX>25
DI+>DI
It crosses VWAP, VWMA, took support from Super trend.
SBI - breakout - longSBI has a breakout as shown on the charts. As suggested in the previous linked post, my bias was long SBI and this could be a good time to add to position.
If price comeback and closes back into the channel, we look to close short term trades. Positional investors can hold and look for further price changes
SBIOne can buy sbi now with target 471/494.
It is for informational purpose only. Do your own anlaysis before taking any position. Consult your advisor before investing.
Strong stocks with 21 ema Use 21 ema with super trend and Rai
When a stock in its 52 week high zone with positive relative strength and Rai above 50 corrects to 21 ema and takes support with a target of 1:2/1:3 as your risk apitite
SBIN highly bullish PSU rally mark my word
-sbin very big target yet to come
-initial halt at 500 then rally
SBI Breakout - will wait for retestSBI seems to be breaking out form a consolidation zone , Volumes not supporting much though. Will wait for retest.
SBIN RESISTANCE BROKENStrong resistance was placed around 470 in SBIN which was tested thrice but failed. Ascending triangle pattern was formed on daily chart and the resistance level was finally broken now.
Investors can buy at any levels. Traders can wait for a pullback and enter.
SBIN - LONG setupThis has been my fav stock in the PSU banks space.
Chart looks great on both Weekly and Daily charts. At a very critical stage right now and at resistance zone. Nice strong candle for closing and firmly up at the resistance zone, but RSI on both Weekly and Daily charts bullish and no where near overbought zones.
200 daily MA below should be strong support and positive trending stock.
Keep an eye on the whole PSU space for action.
State Bank of IndiaSBIN should be in your watchlist. Its gave breakout once its retest or come to the near of breakout level then it should be buying candidate.
#sbin strong buy above trendline SBI ready for fresh breakout as per technical possible small correction and after ready for breakout keep eye for upcoming day possible to give good gain before Result. For Live call & Stock query Follow Equity advance prediction
SBINNSE:SBIN
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Sell - SBINSBI - Strong support at CMP 437
Looking Weak We will see a drop
1st Target - 429
2nd target - 418
Dont enter at CMP - MACD & RSI - Daily & Weekly looking Weak
Only once we see a reversal enter.
