SBINSBIN is in consolidation and after breakout or breakdown we can see a sharp move upward/downward
SBINF2025 trade ideas
Play with State Bank of IndiaHi folks!
Here is an idea that focuses on State Bank of India only. Adopting this method you will trade only State Bank of India stock / futures / options.
Here is how it works:
Capital:
Whatever capital you wish to deploy, you will open a Fixed Deposit (FD) in State Bank of India. Presently on 1 (one) year deposit the interest rate is 6.75%. Immediately after opening the FD, you will also open an Overdraft (OD) Account on the FD. The interest rate on OD is 1% over the FD rate and the limit is capped at 90% of FD amount. You can complete both processes online. So, if you open a Rs.100000 FD then the OD account will be opened with Rs.90000. This is the amount you will have to trade in the market.
It is important to note that OD interest is applied only when you withdraw money from the OD account. Otherwise you are not charged anything.
So, when you are waiting for a trade opportunity, the money is parked in FD earning you higher rate of interest than a Savings account. And when the time comes to open a trade, you will withdraw the required money from OD account and transfer it to your broker and then take the trade.
After closing the trade (either in profit or loss) you will immediately transfer the money back from the broker to the OD account and pay whatever interest is accrued for that period. Effectively you will make the OD account balance Zero. Thereby the OD interest is applied only for the number of days wherein you used the amount. And once again the FD will start accruing interest.
Advantage:
This approach ensures that you receive higher interest rate on your capital and amount is not unnecessarily parked with the broker while you are waiting for a trade. You also don't have to maintain the capital in Savings Account. Even if you already have FDs, with this approach you don't have to break them to deploy capital in market.
Hope some of you find this idea useful.
SBI reached near monthly resistanceDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
SBI reached near monthly resistance. Is it a good time to book profit?
Have I booked profit ? Yes, I booked it today and now I will wait for buying on dips opportunity.
Many Thanks, Have a profitable day ahead!
SBIN Can Resist From This Crucial Resistance Level. SBIN is near its crucial weekly resistance level. Plus, RSI is showing a negative divergence. It is a perfect R:R trade if one wants to go short. (Attached : Sector's Chart Link)
SBI perfect PPL cancle at daily timeframe
SBI stock Daily Candle formed a perfect PPL (Inside Bar) pattern, Kindly keep this in your radar for BUY side mostly as per the RSI indicator.
SBIN in Buy mode . Algo Trend Signal came at 190. Elated to introduce our algorithm-based trading system perfected over years for positional trades on indices and stocks
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SBI uptrend analysis and potential head and shoulder formationSBI looks to have formed a bottom and heading for upside targets. If it makes a lower high i.e fails to break previous highs around 230 and then breaks past 193 on the downside then consider the trend to be reversed.
