Sbinanalysis
SBIN LONGGO LONG IN SBIN AS IT SEEMS TO BE COMPLETING THE LAST WAVE 5 OF MAJOR WAVE 3. IT IS PROJECTED AROUND 273 CONSIDERING WAVE 1= WAVE 5.
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shortterm gain for SBINThe price is taking support of the inclined red color trend line. The price is been fluctuating within the parallel area. I believe the price might go to Rs. 263 before testing the water.
But the MACD is about to enter to -ve zone. So someone might have to wait for some time before entering into this.
SBIN Long SetupBuy : 200 , 205
Stop : 175 for short term , 160 for long swing
Target: 220 , 230 (short) , 250 , 270 ( long )
Will SBI cross the Control Price?SBI is currently moving under the control price and making a parallel channel. But because of the election, all the markets will get affected. Right now, it's trying to move upward to cross the control price ( 213 ).
If it crosses the control price, then it will touch the following levels 217.70 - 226.30 . That means the control price will react as support the same as the previous it reacted.
But as I mentioned above, markets will get affected. There is a strong possibility of a reversal. If it takes a reversal, it will come down and hit the following levels 195.20 - 192.50 . That means this time control price will react as the resistance.
SBIN 6 NOV 2020, 15 MINsbin wait for breakout for scalping either upside or down , highly depndent on nifty movement
SBI small dump and then pump back to 235SBI will go down to create a double bottom and then pump back up to 235.
SBIN Looking good on charts for this Monday - 14-09-2020We see that SBIN crossed strong resistance at 201, As per the charts, this may reach 213 easily in a few trading sessions.
Sbin - Still looking BullishRecovery possible . Bullish Hammer on the 15 Min chart towards the end of the trading day. Targets maintained for 1 Sep.
Disclaimer :
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisors. Risk it for the biscuit.
SBIN breakout trade ideaSBIN in close range breakout above 201 with following to volume may lead to good trade
As long as RSI supporting above 50
SBIN - Buyers Active at Support It has been observed that the price action formed a ascending triangle on chart and then breaks a strong bullish candlestick breaks above the ascending triangle and the resistance zone. Then the price action falls back to support where bullish buyers showed buying again indicating a further move up.
Expected Target: T-210, 220 & SL - 190 (1:3, 1:5)
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)
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
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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
Waiting For Breakout / Down From SBINHello guys as you can see SBIN get Multiple Rejection from resistance 1 also making a traingle pattern
So a breakout/down.., I simply waiting for Breakout/Down.
SBIN, Bulls looking to level 200SBIN has hold the support at level of 170
And, now had moved from that level to 180
I will be long at a good position
