SBIN trade ideas
SBIN on Support Demand zoneSBIN can recover if breakout from 1hr SM triangle as its on support on daily trade line
SBI LONGsbi is in bullish trend making higher highs and higher lows, it has taken support of ascending trendline and is looking bullish for coming sessions, if it crosses the previous higher high, which is around 193.80, it can then show upward move untill 196 and even try to touch the daily timeframe resistance level of around 198
Sell SBI for target of 185/181/176193 level is the highest resistance level for the reversal to an uptrend.
Expect weakness in SBI to continue.
Short for a target of 185/181/176
RajaMegha...
SBIN (NSE) - Elliott wave analysisWelcome guys,
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SBIN (NSE) - It dropeed in double zigzag down and going up in ABC zigzag, which is having two probability as either C will gets extension or choppy down price action. So wait for more price action to get more direction. At least common down price action expected up to 186.50 from 191.
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SBIN head and shoulders on hourly chart - SHORTThis idea is for educational purposes only. Head and shoulders pattern forming on SBIN. The last hourly candle had a relatively long body and volume was above average trading volume at that point. Looks a short candidate.
OUT COME OF PRICE WHEN APPROACHES THE RESISTANCE (BREAKOUT)OUT COME OF PRICE WHEN APPROACHES THE RESISTANCE (BREAKOUT)
SBIN 45MNBullish BAT + RSI DIVERGENCE
Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLEVertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
Potential Buy
SBIN 1HRBullish BAT + RSI DIVERGENCE
Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY .Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
Potential Buy
SBI SHORT- forming a descending triangle on 1hr timeframe
- if selling pressure continues in bank nifty than sbi can breakdown from 195 further to 192 and even 189, which is acting as next support
Short for next 5 days onlyIf we see chart sbin going for down more 05 to 10pts because its forms H&S Pattern.
Target 195 and SL 203 for next expiry...
