SBIN- Analysis

SBIN- Analysis

Chart Legend
...... - Dotted Green Line - Bullish make or break Level
..... - Dotted Red Line - Bearish make or break Level
..... - Dotted White Line - Major Levels
Line - green or red - Major levels


Buy zone:- 540 to 612
Stop loss -518 to 529

Few targets to Monitor
637, 742, 855

Please comment if you wish to see my analysis for any stocks.

Please do your due diligence before trading or investment.

Thank you.

Trade active:

First target achieved, will book some profit around 658 to 663 and add more if come to retrace around 620

Comment:

Perfect high 659.60

Comment:

See Low of around 633.. this analysis was done two days ago ..
perfect movement in stock ..

Comment:

Forgot to mention, this will be good chance to buy or average (today or tommrow), if you want are investor.

Please do your due diligence before trading or investment.

Comment:

Revise the stop loss to around 632 on day closing.
below 632 is bearish and above this is bullish.

Comment:

maintain stop loss as per your risk management, 632 or 529 or 518, Long term investor can consider 580

Please do your due diligence before trading or investment.

Thank you.

Comment:

if day closing is below 619 dont hold the position, otherwise safe stop loss is around 570.

Comment:

New range for script above 651 bullish, below 620 bearish

Trade closed manually:

For study and Analysis -
Book some or full profit, add more/new entry only if closes above 804 only, if holding small stoploss will be 745 big stoploss will be 725

For intraday on 21st Feb only - if goes above 777 then go long, target of 802 to 804, above this more bullish, below 772 you can short, target of 746 to 745, below this more bearish.

Comment:

yesterday made perfect high of 777.5

Comment:

Looks like todays closing will be around 745 which is our bearish make or break level.
still Iam not sure what will be the next moment in this stock as PSU bank index is mild bearish, Banknifty and Nifty is also indicating indicating bearishness , were this stock contributes.

just wait and watch the todays closing to see if we can get some clues for the next movement