SBIN at demand zoneSBIN at demand zone
taken support form trendline
also taken RSI 40 support
about to breakout falling wedge triangle
SBIN trade ideas
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SBIN (LONG)On Weekly Chart SBIN is following within Channel
460 level is a good Channel Support, Trendline Support & also 21 EMA support on weekly Chart.
taking Support at 89 EMA on Daily Chart.
SBIN Buy near 460
Tgt 506-534-558
small Sl 442
Deep SL 400 (Also near 50 EMA on weekly Chart)
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
GOLDEN CROSSOVER & Support on EMA- These are 5 popular Moving Average used by Traders mostly on Hourly/Daily/Weekly/Monthly Timeframe.
- whenever a fast moving average cut a slow moving average from down to up - its a "Buy" opportunity... For eg: if Green Cut Red and moves above it.
- while Buying ... Next Slow Moving Avg below it can be used as SL, Like in above case keep Red as SL Line ... or may be further next as per the risk appetite.
- and Opposite condition to Exit. Like in above case if Sell condition comes.
- whenever a fast moving average cut a slow moving average from up to down - its a "Sell" opportunity... For eg: if Green Cut Red and moves below it.
- while Selling ... Next Slow Moving Avg above it can be used as SL, Like in above case keep Red as SL Line ... or may be further next as per the risk appetite.
- and Opposite condition to Exit. Like in above case if Buy condition comes.
- You may use some other indicator also to Exit.
- You may follow risk reward ratio to Exit.
- or some other way to entry or Exit.
GOLDEN CROSSOVER:-
Golden crossover is a condition when on Daily Time frame "50 Moving Average" Crosses "200 Moving Average" from Down to UP.
this is a good BUY opportunity in many stocks.
So if you see "Golden Crossover" happening You may Take a LONG Posn.
When to Exit this LONG posn depends on your Risk Appetite - You may Exit as per RR ratio - or keeping Slow MA as SL like mentioned above - or waiting for opposite to happen - or Exit as per different TF - or Exit with the help of some other indicator - or any other method you have deviced.
21/50/89 EMA Support:-
On Daily Time Frame Most of the Stocks/Indices/Commodities/Forex takes support On 21/50/89 EMA/SMA/DEMA also similar to 200 EMA etc and bounce back from this level. so many traders take LONG posn near These EMA/SMA etc keeping SL at Support level Below these 21/50/89 EMA/SMA etc for good Risk Reward Ratio. these show good support at 1Hour ... Weekly ... Monthly and other time frames also. Such stocks you need to identify. one such example is SBIN ... you can find it taking support at 50-89-200 EMA before Bouncing back... another is Ultratech Cement which bounce back from 89 EMA and 200 EMA. So you need to find out these stocks to make an appropriate entry as per your risk level.
I am not a SEBI Registered Analyst. Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
Hope this helps most people to take basic trade.
Happy Trading !
NSE SBIN / SBI Descending ChannelsSBIN has taken support at trendline for few times.
If trendline is broken, it can move towards main channel support OR will keep consolidating below 515-520 to form triangle or rectangle pattern.
Take confirmation from RSI and traded volume .
Moving average is taken on daily basis.
SBIN looks good in the near short -termSBIN, if holds 500 in Monday's session, chances are high that it may test 510 levels.
Gap down opening below 500 would negate the above probability.
SBITook support of trendline from October, and showed move against market trend, however below ema20 and rsi below 60 so might not see strong move until closes above ema20 with rsi 60 or more. Overall a good stock to hold.
SBIN FOR LONG TERM INVESTMENTNSE:SBIN
Hello friends,
Again comes with an Idea on SBIN. As per the chart of this stocks seems smart money is buying somewhere in the stock in the flag. Hoping that the stock will break its flag formation upward channel and go for some decent gains. However, there is a big SL which can be problematic for short term traders/investors due to large numbers of COVID surge in our country. Any one having looking for long term investment in the stock can be a good choice. The targets and stops provided on the chart. The short term traders and positional traders can adjust their stops and targets as per their own choices.
Box breakout SBI broken box very good buy around marked demand zone, for the target given on the chart for long term.
Let's see...
Bazaar Ki Baatein: What lies ahead for Nifty and the Indian mktsIn this episode, @AVENUESOFINVESTMENT and I talk about what might lie ahead for the Indian market.
SBIN target is aboveTargets are high as per volume if sbin cross 527 level then next level will be 535 or might be 540 and already sbi gives a good breakout now it's time to fly.
inverted Head N Shoulder in SBINA long way to go, but we can see the price to 52 week high or it can break the high too within some days maybe tomorrow too
SBIN LEVEL 500Sbin quarter 4 result will be declare soon and news will positive and sbi card enter in f&o from 29 oct onwards so we see sbi target is above in month of November, sbin 500 level is a strong level and it was a retracement only to go high...
Like and follow
Educational purpose only...
BUY SBIN AROUND 432-433 TGT 465/520 SL BELOW 398It is making a morning star pattern and taking the support of 50 week moving average. Looks good for a short term buy, especially when the government is planning to speed up bad bank process, also the previous quarterly results were good and the stock didn't make any wild move yet.
go long and achive targer 4 rs.hear you can see easily the price is brock the trend line which was I make
SBIN support levels Oct 2021S1-465
S2-440
Stock is at all time high.I am expecting it to come back and take support around 465.
440 to 465 is the strong buy zone.
LONG ON SBIN( state bank of india)In SBIN on 30 minute time frame there is a ascending triangle formation...... which hints a bullishness in this stock ...in upcoming days if the market is bullih and bank nifty is bullish
than sbin is a good stock to long....
Sbin making daravs box pattern level above 441Sbin making daravs box pattern on daily time frame. sustaining and closing above 441 can leads to further upside move:- level above 441 NSE:SBIN
SBIN SBIN BUY BASED ON THE CHART PATTERN
CUP AND HANDLE PATTERN
ENTRY 465
TRAGET 510
SL 440
Its my personal view ,if any loss and gain its depends upon on your decision , its not my responsible so please connected your financial adviser
its better rational decision making
SBIN LONG POSITION A strong support of 500 and strong resistance of 510 sbi is trading between 500 - 510 and we can make long position for 510
state bank of indiaget ready for something big in sbin i think there will be a psu bank rally lets wait for breakout
