SBIN trade ideas
SBIN -- Good prospect for long & towards 700SBIN took good support on trendline (from 2019) despite of fall in recent days.
So, target would be around 700 in 3-4 months considering the trendlines pattern.
You can see upper trendline cut through candles but it's to showcase the width of trendline till 2019 in various cases, it acted as resistance.
Note: this is just an educational purposes and not a recommendation at all.
SBIN: Structure
NSE:SBIN has sharply fallen from a downward channel. Now forming a pennant pattern.
Though it is bearish pattern it is tough to take a view on it. The best idea will be follow the price.
The probable targets are mentioned on either side. Put a tight stop loss
Buy SBI for a short target of 545Hammer candle formed at lower end of chart .. wait for confirmation. Target is next resistance level i.e. 545
sbin view for today 6th FebSBIN view for today 6th Feb
SBIN.. Touched support zone... reversal started..
Please follow strict risk reward and stop loss if u follow the level
Thanks,
V Trade Point
#SBINSBI also posted a strong results and good buying has been seen in the stock...largest PSU has strong potential for long term.
SBI I HAVE FOUND THE PATTERN ON CHARTi have found the stock of pattern break out or breakdown happen be ready for it
Might see Correction from Here .❓❓🤔It's a major resistance and we can except a pull back from here .. ..
It's just My view ..
Buy SBIN at 540 - target 552 (2 %) in 1 weekExpected to reach atleast 38.2 % of fall as per Fibonacci retracement.
State Bank Of India (SBI)I think this Red Dip Is a biggest opportunity to buy this fundamental stock and we are very known about the #SBI Bank so as a long term view and short term also can take this for both point of view.
DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE.
Awaiting confirmation of pennant chart pattern - SBI NSE:SBIN
Awaiting confirmation of pennant chart pattern on SBI's chart
STATE BANK OF INDIASBI day chart where strong support zone is : 568 Below it goes weak
Resistance zone is : 605 which is swing high
IMPORTANT LEVEL FOR SBI BANK525-535 IS is an important level for sbi bank.this level is 50%fibonacci retracement level of last move and also it has the huge volume happening in this level which is showing in the fixed range volume profile.so let"s see what happened if it corrects or not and if so how this level reacts in this movment?
SBI IMPORTANT BREAK DOWNFind Entry Opportunity To Short The Trade
SBIN IS IMPORT SUPPORT LEVEL IN 1HR. TIME FRAME
STATE BANK OF INDIA( SBIN) Up or Down?This stock had broken out of Weekly and Monthly trading channels and has bee trading higher. This stock is going to go higher and higher. Only thing to worry about is Volume. Volumes are coming down. Implication of falling Volumes can be Profit Booking in a Shorter Time Frame.
Conclusion: Bullish on Long term & Bearish on Short Term!
SBIN BUY IDEA 05.01.2023Best risk and reward idea for NSE:SBIN is to take entry at 603 with stop loss of 586 (-17 Points).
My expected upside target will be 652 (+49 Points).
Note: This is my personal analysis, only for learning. Thanks.
sbin flag patternSbin flag pattern found, so some bullish up trend possible. strong resistance near 615 , if cross 615 in 15 min TF then go for long.
Inverted HnS in SBINPreparing for a breakout, keep this in radar... once broken the range then we can see a good upside move.
