SBIA trade ideas
SBIN at monthly supply Short entry can be taken at daily supplies which are nested with monthly. Trend line also broken( daily)
SBI 13/01/2021 updated after 1St TP achievedHi
this analyze is base on my preview video analyze of the same ticker
www.tradingview.com
as we can see our first target was 300 to 310 Rs which we had achieved and now we are crossing the 161.8% fib projection which is also called as extension zone in Fibonacci jargon and it gets interpreted that once we touch this zoon after crossing the 127% of the same fib, then we can expect the trend to reach the 261.8% of the same fib projection which I have specified with the TP Zone Box (350Rs)
we may have a renege and consolidation period as we are breaking trough a tough resistance zone which i have specified with the red box.
or a little bit correction to 127% of fib but the ultimate target is to cross the resistance zone and hitting our target price of 350Rs
please comment your opinions
Bearish Head & Shoulder Pattern in SBIN for coming sessionsThis analysis is purely for intraday or STBT trades.
Red lines or bars represents resistance. Green bars/lines represents support. Yellow horizontal bar represent the current price level
State Bank of India appears to forming the right shoulder of "Bearish Head & Shoulder Pattern" in Hourly as well as 5 minutes Time frame.
The neckline seems to be near 192 level. If that level is broken with volume and price sustains below that level.. then the support of 185 level may be seen quickly.
Advice would be to see the price action at the current level (yellow horizontal bar in the chart). if that level is broken with volume then price will go down to complete the neck line.
STATE BK OF INDIA Daily Confluence of WEEKLY BEARISH BAT + Daily BEARISH Bat & CRAB @1.902XA STRONG potential reversal zone
RSI MUST BE BELOW 70 FOR CONFIRMING
SELL
STATE BK OF INDIA weekly REVERSAL From BIGGER Bat or From SMALLER Bat ?
Within 3-5 price bars need confirmed from a BEARISH CANDLE , with RSI Below 70 , then
POTENTIAL SELL
SBI Shorthi
we can see a head and shoulder
SBI is on short and there exist a monthly support which may stop bearish trend
SBIN (State Bank of India) Daily Longhi
it is a Daily analysis of SBIN and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion
we can notice a divergence in MACD too which is an other reversal sign
and when combined with Fibonacci levels we can see we will face a big boost in the business post Corona Crisis
market may be renege for sometime but the ultimate move is
SBI NSE 2021 quarterly analysis with time speculationsHi
here we have a complete Price Action and Fibonacci analysis with specifying the time zone speculation of upcoming events
we are mainly bullish on it as nifty also is bullish these days but still we have chances of retracement we we can not break the current price and which is 61.8% of our bearish retracement Fib level ( Price: 280.00)
and if so then we may have an other bearish wave down which is less likely to happen but yet there are some chances and the market is very dynamic in finance sectors and any thing may happen
please share you opinions in the comment section for me.
and if you are interested in my work please follow and ask me your instrument so we will analyze it for you
thanks
SBIN OutllookSBIN can be shorted below the provided support level as the nifty psu index is showing bearish structure.
State Bank Of India - Price may fall.Hi Traders,
The price of SBI has broken the upper channel which is an indication of exhaustion. There is a key zone at 297 - 314 levels which is in confluence with a Fibonacci retracement level, So we can expect the start of a bearish cycle from these zones. The price can react with the golden zone but the overall momentum will be bearish. If price manage to break the key market structure, we can confirm the start of the bearish cycle which will result in the break of the trendline.
Note:-
1. The key market structure can change if price tests the Key zone at 297 - 314 levels.
2. This analysis can be used only for long term positions.
3. This analysis is done based on technical analysis without considering any fundamentals.
Pls comment below for any queries.
Happy trading....
SBIN - Breakout- Long Watchout SBIN
Currently at important trendline level - if breaks and sustains - we can see 280/295/300+ levels in very short period.
Look at the market trend and take the trade.
SBIN STRONG BULLISHCan long for the targets of 300 as the first target, the Second target will be 370 with a stoploss of 270 if crosses 370-400 range SBIN has a very big room for the bullish movement.
SBIN : Looking for a shortSBIN : Looks like major upside rally done. Looking for short now at 290 - 300 lvls for a target of 250 lvl in either Jan or Feb series.
SL remains closing above 300 on daily charts.
SBIN - Good Volume breakout SBI has given a clear flag breakout in the daily chart with good volumes.
This pattern breakout is one of the best chart patterns with a good success rate.
Now, time to watch how soon it will reach the expected target of 320-325
SBIN 1h - Elliot Wave AnalysisSBIN 1h
ELLIOT WAVE
= 248.25 - 279.9
= 31.65
= 279.9 - 272.5
Wave 3 Targets : 304.15 (x1)
312.85 (x1.2)
Wave 3 occurrence is likely to be severe as Wave 2 movement was more or less flat
SBIN- State Bank Of IndiaStock in critical stage, will try to give breakout above resistance trend-line and if give breakout so can take entry on confirmation....will see on Monday...will find opportunity...
