SBIN trade ideas
SBIN KEY LEVELS FOR 23/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
SBI Looks BullishIn its Q2 results for FY2024-25, SBI reported:
A consolidated net profit of ₹19,782 crore, marking a 23% increase from the same period the previous year.
Total income rose to ₹1.29 lakh crore from ₹1.12 lakh crore year-on-year.
Gross non-performing assets (NPA) ratio improved to 2.13% from 2.21% in the previous quarter.
SBIN Setup-Long changesSBIN
MTF Analysis Price
SBINYearly Demand 542
SBIN 6 Month Demand 660
SBINQtrly Demand BUFL 660
SBINMonthly Demand 752
SBINWeekly Demand 763
SBINWeekly Demand 660
SBINDaily Demand DMIP 718
ENTRY -1 Long 763
SL 732
RISK 31
REWARD 143
Target as per Entry-1 906
RR 5
Last High 875
Last Low 732
ENTRY -2 Long 699
SL 637
RISK 62
REWARD 275
Target as per Entry-2 974
RR 4
Last High 912
Last Low 637
Trade Set Up
In case SL Hit in Trade-1 -93,000
Buy Volume -1 As per Entry-1 3,000
Buy Volume -2 As per Entry-2 3,000
Average Buy Price 699
Trade Value 2,097,000
SL Point 637
RISK 62
Exit Target 974
Target Value 2,922,000
Profit Target 825,000
RISK Value 186,000
Risk to Reward 4
SBIN LONGSBIN
MTF Analysis
SBINYearly Demand 542
SBIN 6 Month Demand 660
SBINQtrly Demand BUFL 660
SBINMonthly Demand 752
SBINWeekly Demand 763
SBINWeekly Demand 660
SBINDaily Demand DMIP 678
ENTRY -1 Long 763
SL 732
RISK 31
Target as per Entry 1,018
RR 8
Last High 875
Last Low 732
ENTRY -2 Long 678
SL 637
RISK 41
Target as per Entry 1,187
Last High 912
Last Low 637
SBIN LONGSBIN
MTF Analysis
SBINYearly Demand Breakout 660
SBIN 6 Month Demand Breakout 620
SBINQtrly Demand 660
SBINMonthly Demand 793
SBINWeekly Demand 764
SBINDaily Demand DMIP 712
ENTRY -1 Long 794
SL 720
RISK 74
Target as per Entry 1100
RR 4.1
Positional Target 1156
Target Points 306
Recent High 911
Last Swing Reversal 730
SBIN : at Wave C completion zoneSBIN Analysis (20th Dec 2024)
The chart of SBIN (State Bank of India) illustrates an extended retracement to mitigate liquidity, a failed breakout (BO), and a corrective wave completion. Let us dive into a step-by-step educational breakdown of actionable levels.
Current Structure:
The price has recently formed a corrective wave structure (A-B-C) and is trading near a potential demand zone around 818-834.
The first target zone lies between 850-852. Further breakout could lead to an extended target between 900-912.
The stop-loss is below 814, where failing the deep retracement may result in bearish continuation.
Action Plan:
Buying Opportunity: Consider entering near 818-834, as this aligns with the golden retracement zone. This is a low-risk entry given the confluence of previous support and corrective wave completion.
Targets: Book partial profits around 850-852. If momentum sustains, trail stop-loss to 845 and aim for 900-912 as the extended target.
Stop Loss: Place a stop-loss below 814 to manage risk. A failure here could invalidate the setup, resulting in further downside risk.
Risk-Reward Ratio: Buying around 830 with a target of 850 (initial) and 900 (extended) offers a risk-reward ratio of approximately 1:3, making it a favorable trade setup.
Key Educational Note:
Green trendlines denote bullish movement, while red illustrates potential bearish risks. The yellow trends indicate a sideways range, highlighting consolidation zones.
Disclaimer: This is not financial advice. Always consult with a SEBI-registered advisor before trading. Like and share if you find this analysis helpful!
SBIN KEY LEVELS FOR 16/12/2024**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
SBIN KEY LEVELS FOR 12/12/2024//@description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
State Bank of India view for Intraday 5th Dec #SBIN State Bank of India view for Intraday 5th Dec #SBIN
Resistance 865. Watching above 866 for upside movement...
Support area 850 Below 855 ignoring upside momentum for intraday
Support 850 Watching below 848 for downside movement...
Resistance area 865
Above 855 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBI MID TERM ANALYSIS - 6 MONTHS SBI is at crucial junction for clear trend on either side, chart is signaling downtrend if we breach 685, before that there are few support levels within 100 points range of 805-690 and if SBI breaches 885 then can even witness levels upto 622.
Major short covering levels are :-
1. 726
2. 648
3. 622 - ULTIMATE LOW .
IF we have to avoid downtrend then we must cross 820 and sustain . All levels are marked in chart posted.
SBIN--Trendline Break & Retest?This stock is recently broken the strong resistance,
we detected a trendline break as well,
enter in long side when price touches these entry zone,
potential targets on the upside are TP1 at 863, TP2 at 881 and 899 levels.
Risk reward is also good in this trade.
Keep safe wait for the price to comes back to the entry zone.
enter anywhere between 825-818 zone , keep your stop loss 805 levels few pips below the support entry.
State Bank of India view for Intraday 12th Nov #SBIN State Bank of India view for Intraday 12th Nov #SBIN
Resistance 858-860. Watching above 863 for upside movement...
Support area 850. Below 850 ignoring upside momentum for intraday
Support 850.Watching below 848 for downside movement...
Resistance area 858-860
Above 858 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
State Bank of India view for Intraday 8th Nov #SBIN State Bank of India view for Intraday 8th Nov #SBIN
Resistance 858-860. Watching above 863 for upside movement...
Support area 850. Below 850 ignoring upside momentum for intraday
Support 850 .Watching below 848 for downside movement...
Resistance area 858
Above 860 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
State Bank of India for Intraday 7th Nov #SBIN State Bank of India for Intraday 7th Nov #SBIN
Resistance 858-860. Watching above 862 for upside movement...
Support area 850. Below 850 ignoring upside momentum for intraday
Support 850 .Watching below 848 for downside movement...
Resistance area 858
Above 860 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBI S/R for 30/10/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.