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Sbinanalysis

SBIN--Fake Breakout @590 range.----->> after strong fall from 588-590 range, price again coming back to supply zone with consolidation to upside, if failed to create a new high and falls below 575 range then sell for the target of 565 range. the demand zone @ 575 range acts as support and the demand zone created at 582 becomes resistance, hence price is in consolidation. if price consolidation to downwards price again rise from 565 range. Monthly expiry is between 590 to 565 range. keep track of these levels.
NSE:SBIN
by IIT-Trader
SBIN--Which is Support Trendline or Resistance??Observations:: the stock is trending upwards. ------>>Today SBIN is showing Bearish pressure. -------->>Bearishness is continue or Reversal May Happen at 570 levels. ---------->>Previously A strong selling pressure is observed at 570 level ,look at the reaction at these levels to go upside or downside. ---------->>Previous Resistance if turned as Support again, price will rise. ------------>>price break and acts as resistance more fall is going to observe. keep an eye at these levels. ------>> we have a trendline support as well, keep look at these levels. Please like, if this information is Helpful.
NSE:SBIN
by IIT-Trader
SBI Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. SBI has posted excellent results and clearly beat the market expectations. I am feeling quite happy for long term investors who are consistently getting rewarded. SBI is trend is positive & momentum on buying side is strong. Buy on dips strategy is working well in SBI, however traders must be careful near new lifetime highs and work level by level with strict stoploss and maximize the profit using trailing stop loss. Shall we wait & look for buy on dips opportunity in SBI in coming days????? Yes, I think so. Shall we book profits near major resistance levels/near new lifetime high????? Yes, I think so. Shall we short SBI near new lifetime high????? We should avoid to short. Is correction in coming days due to imported weakness in Indian market/RBI rate hike to curb inflation, likely to be buying opportunity for traders & long term investors???? Yes, I think so. Please share your thoughts as well. Good luck to traders & investors for profitable trading in SBI.
NSE:SBINLong
by manishmgupta