SBINSBIN Chart Analysis..........13/07/23
SBIN Long : 597 lvl.
Sl - 592,
Target - 602 / 620 / 655
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SBIN Sell - 585 lvl.
Sl - 590,
Target - 575 / 566
Enjoy !
SBIN trade ideas
we are long on sbinwe are long on sbin above 596
stoploss below 580
target - 630++ short term till july or aug month max
Expecting Up move in SBIN in coming days.Sbi following support and resistance along with bullish reversal in daily time frame. stock may give good up move in coming days.
take advise before investing from your financial advisor, for educational purpose only.
sbi bank pre market analysisSbin has already given breakout, so we could enter after pole and flag pattern breakout
SBIN - decision time soonSBIN may be ready for a bigger move soon. It seems that the price remains in a neutral formation .
Trade the breakout with a volume surge to avoide trading the fakeout.
We are ready for a move in either direction. And you?
Targets for longs and targets for shorts are shown on the chart.
Good luck
SBIN--Test of Supply is Needed??Observations::
price clears all the demand zones on bottom side...
now price is coming back to test the previous demand zone may acts supply zone
or to test strong fall area to again fall...
POI are marked on the chart please look at these areas...for sell
Keep track these levels. 580 and 590 Zone
SBIN the analysis and studies of the charts and price movement shows a potentiel seller movement . as the rsi and the wma/ema indicatores confirm .
SBIN is bearish trend SBIN is looking bearish trend selling every raise on the daily time frame add an RSI indication
Sbi bank at do or die level On daily time frame of sbi bank which is following rising channel right now sbi at channel lower level 578 must defend for upward movement
SBIN--Bullish Outlook to Long ??Observations:: SBIN
--->> Price is trading in a channel...
if we see the difference between the HH is decreasing gradually...
which is a sign of reversal in this stock...
clearly price created a gapdown as well, indicating a bearish sign....
we are clearly in an uptrend, price tries to go upside from 570-555 range,
but that not move too much..only 20-30 points we can expect.
Look for buy when price comes back to the below levels,
We have a demand zone,@540 levels, and strong movement to the upside is observed at 530 levels,
if we enter long in this area we will ride the trend again and only be exited at 630 levels only.
Keep a note on this levels, and also track this levels.
SBIN Is following trend line in 15 Min Time frame.SBIN Chart in 15min candlestick...already hit 4 time on the trend line
SBIN--Drop base drop formation??Observations::
This is a continuation post to my previous post about SBIN::
Consolidation Happens between the demand zone and supply zones. Price restriction is happens between the zones.
While breaking the previous demand zone, price leaves a supply zone @586-590 range,
if price wants to test this supply zone and falls below or continue to fall down.
A Drop -Base-Drop is going to be observed, we have left with drop formation, if price breaks the smaller trendline will observe a fall towards target 1 and target2.
keep track this instrument.
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.
SBIN--Demand fails to create a new high, look for sell??----->> 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 565,555 range.
keep track of these levels.
SBI SBI good trade based on price action
And results in 18 may 23 I think results are expected number
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.
SBI SBI is now at its major resistance. We can expect a little downside from here to form a Cup and handle pattern. And it will boost itself to the upper side. As its technicals are very good at the moment.
