SBIA trade ideas
SBINI'm not an expert I'm just sharing my views on SBIN for next trading day
I'm not responsible for any profit or loss this is not a recommendation
SBIN - Medium Long Term StructureAfter a long time, the worst in banking space as a whole seems to be over. This was apparent with the trending move in Nov in the index and all banks.
With amazing results posted by SBIN during the previous quarter seems like this is well headed for stability and solid up move.
SBI - Retesting break out levelsNSE:SBIN is retesting break out levels of 230-231. Good to accumulate at current levels and on dips as the risk reward is very favourable. Exit if closes below 220 (giving a little more margin in the fall due to the SC hearing and market volatility). Upside looking at 300 for now.
BUY sbin above todays intraday high of 246.30 tgt is 248.80 please buy sbin above todays intraday high of 246.30 tgt 248.80 and ultimate tgt of rs.273
SBINI'm not an expert I'm just sharing my views on SBIN for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
SBIN Long Position. Intraday. Triangle patternWait for the market to start. If Nifty and BankNifty opens Gap Up, Take up the trade at around 10:00 am in the morning.
shortterm gain for SBINThe price is taking support of the inclined red color trend line. The price is been fluctuating within the parallel area. I believe the price might go to Rs. 263 before testing the water.
But the MACD is about to enter to -ve zone. So someone might have to wait for some time before entering into this.
SBIN Long SetupBuy : 200 , 205
Stop : 175 for short term , 160 for long swing
Target: 220 , 230 (short) , 250 , 270 ( long )
SBIN ANALYSIS CHART.........................SBIN 251.70 LVL. CORRECTION POSSIBLE....................
