SBIN trade ideas
SBIN buy at cmp and dips tgt new lifetime high SBIN buy at cmp and dips tgt new lifetime high. initial recommendation was made to buy at 344, the trade is still on.
SBI Wave CountNow SBI Move to 5th Wave
if day candle close with target Zone 1. we can consider wave it end
incase day candle cross the target Zone 1, then move to Target 2.
SBIN - Fib & Asc Triangle BreakoutAs on 23-05-2021
Fib & Asc Triangle Breakout
Volume > Average on Breakout
Good Candle with large buying wick
Rsi > 70
Stochastic over bought but FBS top
FBS top negated FBS Bottom
Final Target of 426 lvls
30mins SBIN trendline BOSBIN 30 min breakout from trendline. Looks steady for a Long trade for 24th May. Hopefully, has broken the trendline resistance decisively and is ready for a rally.
30 Mins Regression channel of SBIN-22May21Here is the regression channel for SBIN in 30mins chart for those who have interest in going long in SBIN.
STATE BK OF INDIA 4HRREVERSAL FROM BEARISH GARTLEY or from Bat
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
RSI MUST BE BELOW 70
SELL
trend line and trendprice is rising by testing trend line
trend line has been successful test three time now price again founding support near the trend line.
SBINSBIN looking Good to go Long
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
SBI - VIRUS, ONLY FOR BEARSSBI classic picture unfolding, with bank nifty holding this space should make further inroads, today low around 355 for move towards 378-383. Stay long.
SBINMACD has given buy signal , RSI showing strength, sector performing good, breakout of trendline. Rising volumes. Support and resistance levels provided. Good long expected.
