SBIA trade ideas
"BUY Signal" :- SBIN 1 hr Chart (Indicator : "Solved Signal 1")- BUY signal generated by Solved Signal 1(SS1) in 1 hr Chart of NSE:SBIN(State Bank Of India)
- ' NSE:SBIN (State Bank Of India)' 1 hr chart
- Indicator used "Solved Signal 1(SS1)"
- Solved Signal 1 generates buy signal(by default: text:- SS1, color= green ,shape=triangleup)
on 1 hr chart of 'NSE:SBIN' .It means NSE:SBIN can go up.
- Solved Signal Uses Volume and Price data for Solving the Market(See description of Indicator).
- Like and Comment.
- Thankyou
NSE:BANKNIFTY NSE:SBIN NSE:NIFTY BSE:SENSEX
SBINIF SBIN CLOSE BELOW THE HORIZONTAL THAN YOU SHOULD SELL AND WAIT FOR THE GAP WHIC MAY FILL BUT THERE IS A BULLISH DIVERSION IN RSI
Short SBIN below 384. Target of 370. With Stoploss of 390Major support at 385. If it breaks, it will fill the gap between 365 to 385. So watch out for SBIN tomorrow
SBIN -NSE/BSE Long term PT 3000Not a Financial Advice. Charting for entertainment purpose only. Not an expert, still learning charts.
Elliot wave analysis shows start of Third Impulse wave (#3) after a Flat and expanded correction. Long term PT- 3000 possibly higher.
Correct me if I am wrong.
Breaking all time high but what about business improvements?SBI has broken long time high with bang. But upward momentum is not able to sustain. Does this shows level play based on Gov support for PSU banks and doubts on improvements in business and margins in long term compared to non psu peers.
Descending Triangle pattern in SBINHi,
SBIN showing a Descending Triangle pattern it may go downwards to fill the gap.
Thanks
SBI Major MoveRSI is in overbought zone and needs to cool down to have another big move. If it stays above 400 for net 3 weeks we can go to 600 or else it wont be able to break the resistance line and can fall down to 300 or 276. That is where I will enter in long position. I took my profits.
SBI- Will it proclaim the throne of biggest lender?The stock has broken out of 10 years of range. Volumes like that were seen a decade ago atleast. Is smart money giving another attempt to India's Biggest lender? Will it Exceed HDFC Bank's Market Cap this bull run.
Well, time will tell.
Reason for SBIN breakoutA major upper trendline was broken with a slight heavier volume , then retested and was bounced back from a crucial support level which was provided by the trendline that was earlier broken NSE:SBIN .
SBI bank Ready for Correction and enter into 4th wave. according to Gann Theory SBI 1 unit of price/day = the motion of the earth around the sun such as we can see in the chart. it shows price and time balancing from 22 may 2020 to 05 Feb. 2021. and 2nd wave is so consolidate it indicate 4th wave will be sharp.
SBIN { 30 M short }Stock gapped and IB formed , Good to short now if breaks
Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
