SBIN trade ideas
Wave 2 retracement possibilitiesPossible Wave 2 retracement probabilities in graphical representation..
SBIN may go up ..Sbi India me go up from this level..
First Target is 440 level
Stoploss will be 400 ..
SBI Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below support zone & the lower trendline. The target is placed near all time high.
SBIN CHART VIEW SBIN CHART:- 23.08.2021 VIEW (H&S) pattern
IF break neckline and hold 412
then next target
you should buy also this current price
as per yours risk management..
that's only education purpose analysis
if u take trade take risk your own..
SBI, 4h, at support if it take support from trend line or 200 ema than we can go for long for swing of 463 T, and its also good support at bottom wait emd watch for price action buildup
SBIN showing on edgeSBI is on edge
SBIN seems bearish
1. Main Trendline broken
2. But second trendline still intake alogn with Fib level last chance is nearest Fib level if taken support or it may take deep dip.
3. For now Rsi showing no sign of bullishness
3. 50 Ema support broken after long time
#sbi daily chart This chart is showing the imp of bollinger band , we should select those stock where band is getting squeezed or in consolidation phase .
SBI HOURLY CHART SBI have a stiff resistence around 433 , if crossed then 444 and if 444 crossed then 467
Buy SBIN - Positional- Cup and Handle PatternRefer chart for details
Positional Traders : Target 485
Short term to long term investors : Target 525
STATE BANK OF INDIASTATE BANK OF INDIA STRTED BULL MARKET . i am looking for buying opertunities STATE BANK OF INDIA.
sbin hope for buyersas we can see the gann line has taken multiple times the selling pressure and has absorbed it well. so this time also expecting the same thing to happen again as stock has tested 50 day ema and daily chart ichimoku kijunsen is at 421.7 exactly from where it has shown a pull back. let s hope for the best for the buyers.
sbin buy ideait can be clearly seen that the script is struggling at 1.272 retracement level since last 3 months at the price 434.80 to give a monthly close above it and not succeeding. But also each month a higher wick is making in the process. Also schiff pitchfork 0.5 retracement line has become a hard obstacle to breakout since last 4 months , here it is also not win over but also not price going downward with a higher speed rather it is making a higher low. This month this line coming across around 449 level. script has already tasted the level and has returned from 1.414 retracement level with a higher speed than its usual speed. Still if we look at the opening of the month and close of the week it has opened above 1.272 level and also survived to close above the 1.272 level on weekly basis. if we look at the moving averages 50 day ema is coming around 435.
So, my conclusion is bullish for the stock and stoploss is very very strict at 434. It might be a tougher job might I will have to buy it several times this week but anyway my move will be stay long above 434 for target 449 and exit at 434 this coming week.
