STATE BANK OF INDIA : Trend Reversal..!All PSU Banks are making Base and value buying. Which is one of the SBIN Stock on Daily TF we can see that Volatility Divergence was made from last couple of week. with not volume support. But today Bank Nifty and all PSU Bank Sector going well and made strong Base. With Bank Nifty Support all PSU Bank performing well and ready for going upside. Today SBIN break the volatility Squeez and given higher closing with high volume. Momentum Support with Daily and weekly Basis. Now all PSU Banks along with leading State bank of India ready for going upside.
Entry : CMP
SL: 536
Upside Move : 596
SBIN trade ideas
A short video for tomorrow sbi chart view Hi ,
It seems that for tomorrow perspective if sbi broke the support of rs. 532.40 then it will goes down 525.50. If in the first half sbi broke the support zone then short the stock tomorrow
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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.
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.
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?
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!