SBIN trade ideas
tools of price action There are lots of ways to trade the market but the only indicator that will help you in all types of market is Price action
first tool is horizontal lines go to different timeframes based on your trading time if you do intraday trading go to 1hour
and 15 minute for swing trading go higher time frame and draw a horizontal line on important levels where market took support
or resistance how it works is you buy at support and sell at resistance because it has a higher chances of reversal than breakout
second tool is trend line make sure that your trendline touch no less than three point and that is a valid trendline with the
help of trend line you can trade high and low of the stock you're trading
although price action and chart pattern technical analysis will help you find a trade and give you entry points none the less it is not
gonna help you with the psychological issues you have and you will become a profitable trade unless you get your psychology of successful
profitable trader
poor grammar
SBI Sell (Triple top formation on daily chart)
Due to the formation of triple top
prices are expected to go down.
Major support zones or Take Profit areas:
400 (best TP: above 401 )
353(TP: above 356)(0.5 fib retracement)
332 (Historical supp/resist zone)
The price is expected to fall to around 353 and could possibly fall to 332.
SBI looks ready to give a breakdown.Weekly and daily triple top formation along with a small double top pullback with weak banknifty sentiments just makes this trade perfect. LMK if my analysis is right ;). Short term if the trend line is broken then an imp fib level is also broken but once 440- 434 levels are broken im expecting some good downfall
Regards
HASB
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BULLISHIn the loving memory of my child Muffin I present you this chart analysis... ...please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you and makes you smile then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
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STATE BK OF INDIA Daily VERTICAL DOTTED LINE is Ultra high volume down bar
Higher volume-Professionals are buying into the public sellin
CONFLUENCE OF 2 Bulllish Patterns Strong zone BAT & Crab
Earlier this Pattern given good reaction on BAT Type1 entry & both target hit now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL and formation of another BULLISH CRAB making it as STRONG POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY