SBIN trade ideas
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.
State Bank of India for Intraday 24th October #SBIN State Bank of India for Intraday 24th October #SBIN
Resistance 800. Watching above 801 for upside movement...
Support area 780. Below 790 ignoring upside momentum for intraday
Support 780.Watching below 779 for downside movement...
Resistance area 800
Above 790 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 15th October #SBIN State Bank of India view for Intraday 15th October #SBIN
Resistance 807-809. Watching above 809 for upside movement...
Support area 800. Below ignoring upside momentum for intraday
Support 800..Watching below 798 for downside movement...
Resistance area 807-809....
Above 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
SBIN LONGSBIN- Set ups
MTF Analysis
SBIN Yearly Demand Beakout 661
SBIN 6 Month Demand Breakout 661
SBIN Qtrly Demand 793
SBIN Monthly Demand 793
SBIN Weekly Demand DMIP 763
SBIN Weekly Demand DMIP 795
Time BNF Trade above 51200 Strong Confirmation Long
Weekly Demand Momentum Impulsive Patterns WDIMP
Daily Demand Momentum Impulsive Patterns DMIPS
ENTRY -1 795
SL 765
RISK 30
Taget as per Entry 1155
Points to Gain 180
Latest Last Swing High 911
Latest Last Swing Low 731
State Bank of India view for Intraday 8th October #SBIN State Bank of India view for Intraday 8th October #SBIN
Buying may witness above 777
Support area 775-777. Below ignoring buying momentum for intraday
Selling may witness below 765
Resistance area 765
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SBIN 1D TFAs the market is in a bearish phase, we can see that SBI is currently at an important support zone and 200 EMA. If the market continues its trend, we can expect a good fall in this stock.
As soon as it reaches or breaks the 760 zones, we can short the stock or buy put options for the current month expecting the first target of 710 levels and the second target of 650.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.