SBI
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.
STATE BANK OF INDIA After a long consolidation making an inverse HNS it broke out with a good volume. This is already a good entry point but for the more safer investors, entry above 213 would be ideal.
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)
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
SBI LONG!!SBIN HAS GIVEN A BREAKOUT, POSITIONAL TARGET ARE AROUND 260
SBI BUY -196 STOPLOSS 189
TARGET1-215
TARGET2-240
NIFTY PSU SECTOR IS ALSO IN LINE WITH THE BREAKOUT GIVING MORE REASON TO RALLY.
NIFTY PSU BANK BREAKOUTNIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT
STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
SBIN - TREMENDOUS SHORT SETUPSBIN - GO SHORT @ CMP WITH A SL OF 195 AND A TARGET OF 140. TARGET SHOULD BE ACHIEVED BY JULY END
Again a buying entry in SBI SBIN State Bank of IndiaAgain a buying entry in SBI SBIN State Bank of India
SBIN - TREMENDOUS SHORT SETUPSBIN - GO SHORT @ CMP WITH A SL OF 190.6 AND A TARGET OF 149.4. TARGET SHOULD BE ACHIEVED BY JUNE EXPIRY
SBI Monthly taking bounce from Demand ZoneNSE:SBIN looks like it is bouncing from demand zone on a monthly timeframe.
If this demand fails, we can see it in double digits.
SBI breaks out - into - Supply Zone with a positive biasNSE:SBIN clearly looks bullish, as it is in supply zone currently, long traders may hedge their positions with call short.
sbi nr to demand area!personally i don't feel comfortable, investing in psu banks, there are several reason for that.
SBI TradeBuy above 180 and sell below 170 , taking resistance at the trendline levels are mentioned in the chart.
Also - I added some for long term around 150 based on the same chart
SBIN SBI State Bank of India Easy Target 230 SBIN State Bank of India looking bullish with Easy Target TP1 230 TP2 245/250
SBI -IS it Ready to take deep dive again ?? what are your views In the previous post we talked about sbi heading towards 140 levels and its almost near those levels.
Now 143-140 is an important zone for the stock, if this zone doesn't take the price up, chances are stock is getting ready to take a deep dive again.
Investor stay away from the stock, its not a cheap bargain yet and let the stock settle and make its way.
