SBIN trade ideas
SBINNSE:SBIN
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Banknifty Harmonics and price actionWeekly analysis of SBIN.Surely a negative divergence is seen as price is maiking higher highs, but rsi is making lower low in weekly time frame. Consider making new position only and only when rsi breaks the trendline and closes above 70. Then new rally will start again towards 700. And if anytime prices goes below 430 short SBIN for a target of 400.
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SBIN STATE BANK OF INDIA 22 SEP 2021HLO THERE
1. its is a anaylsis/ prediction of pattern forming in sbin
2. a head and shoulder pattern is forming (note :not fully formed )
3. a shoukder and head is formed and 200ema is near 440 if price reject from there clearly its a H&S pattern
4. let wait and watch what happens (and also act according to situation not blindly go with idea
thanks........
BUY | Intraday |20-09-2021
SBI has been taking support at 50% retracement level and is waiting for a breakout.
A buy can be initiated on the breakout for the mentioned targets and stop-loss.
The only condition would be to see how bank nifty performs tomorrow. Although it is expected to give a good rise given its retracement is complete.
DISCLAIMER: The ideas are merely for information purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
SBI Short wave targetCurrently Daily Elliot studies indicate that Some sort of 4th main sideways wave is in progress now.
3rd sub wave and 5th sub wave of main 3rd wave are already over. (As indicated by 2 MaCD peaks with a bearish divergence seen between 3 and 5 peaks on MACD).
Note - Just an amateur trader . this article is purely for study and research purposes.
Target T1 - 415 T2 405
SBIN DAILY TIMEFRAMESNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.