SBIN trade ideas
SBINNSE:SBIN
It has again crossed the hurdle level, and closed at 199, now let it clear the recent high of 202.50 and let it sustain
If it does, then play for 208 & 215
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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TWO DAYS STRATEGY Long SBI ABOVE 195 TO 199 STOP LOSS 189 .6 X Long SBI ABOVE 195 TO 199 STOP LOSS 189 .6 X
HEAD & SHOULDER NECK LINE CROSSED
CUP & HANDLE FORM
VORTEX IS GOING POSITIVE
TARGET 243 . 254
sbin - ascending triangle pattern Hello Everyone! Strong resistance near 200-202 | once it sustains this level can cross 210-212 level |
pullback is even possible, target 182
Plz like idea and share your feedback
KEEP AN EYE on SBI , its in very important zone .THE STOCK IS REPEATEDLY MOVING TOWARDS RESISTANCE AND THEN RETRACING . IF THE STOCK FAILS TO CROSS RESISTANCE . NICE SWING GAINS CAN BE EARNED BY SHORTING
SBIN shall be reached 200 Rs on 27th july 10.00 amSBIN shall be reached 200 Rs on 27th july 10.00 am
Science Backed by Data[SBIN Series]: SBIN looks BullishNSE:SBIN looks bullish on 15 min chart with ichimoku cloud showing bullish breakout. RSI looks to be trending bullish. Initial immediate targets looks 192.10/194.55 with immediate Stoploss of 187.25 for risky traders or for brave traders 186.30/185.25.
For swing traders first target is 202.50 and then with trailing stoploss till 210-215.
If you are interested in what sectors are doing good, look for this analysis in related ideas.
CNXPHARMA
AuroPharma
Britannia
Reliance are leaders from last week. CNXIT is emerging as a fast challenger beating CNXFMCG . BankNifty is still a poor laggard.
July Performance
2020 Performance
SBIN WILL BE BULLISH BECAUSE OF IT'S SO MANY SUPPORT/RESISTANCE SBIN IS TOUCHING IT'S SO MANY SUPPORT/RESISTANCE & TRENDLINE
SBI look Bullish For Swing Trade.NSE:SBIN
SBIN trading in uptrend channel and today stock taken out its last swing high and sustain above it.
I am considering SBIN for swing trade with SL of 181 closing basis.
I am looking for target of 197 first and if SBIN hold strong that level then may be 202++ also possible.
SBI - Great opportunity for InvestorsSBI in Sideways …. Great opportunity for investors to go for long.
Stop Loss @ 85 is good.
Trend in SBIN set upwards correct me if I am wrong new in T.AStock making higher highs and lower lows.
SBIN ::: A PROBABILITY19 JUL 2020
INSTRUMENT: SBIN
CMP: 188.20
TIME FRAME: DAY
EXPECTED TREND: LONG
PRICE ACTION:
TARGETS FOR THE DAY ARE:
189.77 190.25
CHART ANALYSIS:
THERE IS A STRONG RESISTANCE BETWEEN 190.25 - 191.95 WHICH IF REJECTED CAN BRING IT DOWN TO 185.65 TO 178.05
MY ANALYSIS:
EXPECTING SBIN TO COME BACK TO 185.65 TO 178.05 ONCE IT GETS REJECTED AROUND 190.25 LEVELS.
SAFE TRADERS CAN SHORT SBIN BELOW 186.50.
RISK TRADERS CAN SHORT BELOW 188.50 LEVELS
STOP LOSS FOR BOTH WOULD BE 191.25.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
