Points to be Kept in mind : `````````````````````````````````````` >> Take this trade only when Nifty is red in its pre-market session. >> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session. >> Maintain strict stoploss as per risk appetite. >> Dont overtrade or have blind faith, ask yourself and trade.
It has broken the important support of 385 and has closed to the lower levels. It has also crossed the trend line. Since there was a gap from 360-383. It is ready to fill in the gap. With overall Banknifty falling, problems ahead for SBIN
As per chart (APC), 1d, cup& handle pattern
Watchout for SBIN. Description given on the chart
RSI is in overbought zone and needs to cool down to have another big move. If it stays above 400 for net 3 weeks we can go to 600 or else it wont be able to break the resistance line and can fall down to 300 or 276. That is where I will enter in long position. I took my profits.
The stock has broken out of 10 years of range. Volumes like that were seen a decade ago atleast. Is smart money giving another attempt to India's Biggest lender? Will it Exceed HDFC Bank's Market Cap this bull run. Well, time will tell.
This analysis is purely for intraday or STBT trades. Red lines or bars represents resistance. Green bars/lines represents support. Yellow horizontal bar represent the current price level State Bank of India appears to forming the right shoulder of "Bearish Head & Shoulder Pattern" in Hourly as well as 5 minutes Time frame. The neckline seems to be near 192 level....
Hi Traders, The price of SBI has broken the upper channel which is an indication of exhaustion. There is a key zone at 297 - 314 levels which is in confluence with a Fibonacci retracement level, So we can expect the start of a bearish cycle from these zones. The price can react with the golden zone but the overall momentum will be bearish. If price manage to...
Watchout SBIN Currently at important trendline level - if breaks and sustains - we can see 280/295/300+ levels in very short period. Look at the market trend and take the trade.
SBIN : Looks like major upside rally done. Looking for short now at 290 - 300 lvls for a target of 250 lvl in either Jan or Feb series. SL remains closing above 300 on daily charts.