SBINWaiting for a breakout on either side on SBIN.
Timeframe - Daily
Pattern- Triangle pattern breakout.
SBIN trade ideas
SBIN - Heading towards a Bilateral Pattern "Ascending Triangle" Its creating a Ascending Triangle on a 4 Hrs daily chart. Around 6th August the trend can either go up or dip down. The entry point for SHORT is 186 and Target 180. The entry point for LONG is 201 and target is 220.
SBIN 15MNBEARISH GARTLEY for SCALPING
ULTRA HIGH VOLUME for going Short Positions we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND ( Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN 1HRBullish GARTLEY FORMED AT MAJOR CONFLUENCE of Trend lines So strong potential reversal zone
ULTRA HIGH VOLUME for going Short Positions we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND (Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Very Short Intraday Opportunity for 4/8/20SBI expected to tag 190 lows from current price of 192.20. Expecting a bearish day tomorrow.
DISCLAIMER
This analysis is purely subjective and in no way a stock recommendation to buy or sell. :-)
SBIN In Uptrendsbin is trading with increasing volume buyers showing interest and SBIN has given breakout above day high and trying to give breakout above previous day high if we get confirmation of previous day high breakout then we go cor further.
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SBI Bank : High OI build up and strong on all indicator#SBI on July 31 reported a standalone profit of Rs 4,189.34 crore for the quarter-ended June, a growth of 81.2 percent over the year-ago period, driven by stake sale in the life insurance business.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
MFI is treading UP
Stoch %k crossed above %D
William %R Trending UP
Aggressive new Long
Aug PCR OI is 0.54 means oversold.
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Resistance : 194.70 & 200 & 210
Breakout : 192.50
LTP : 191.10
Breakdown : 189.5
Support : 184.65 & 180
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Positive & Negative Point:
1) Bullish in Daily chart.
2) Neutral in Weekly chart
3) Bearish in Monthly chart.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
SBIN Swing TradingSBIN target of 210 with support of 188 as per trendline and 185 as per OI,, and sbin tried so many times to cross 199 200, I wish SBIN may give breaout above 200 and reach the target 210.
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SBI: Buy on DIPSBI:
* Instrument started reacted higher from the low 150
which could be the completion of overall corrective sequence
and currently could be the overall trend reversal for upward direction.
*can start buying this instrument from current level 189,
can add more if it reaches the level 160-180 level.
SBI watch this weekBN has a lot of resistance around 23K, only possibility of it crossing if SBI and ICICI start moving up. Possible SBI upmove this week, keep a watch if it crosses 204 then quick upmove might come. Only for educational perspective. Don't trade on this idea.
