SBIN Analysis - ShortFormation of Head and shoulders pattern
clean sell setup with the strict stop loss and Target R:R 1:2
SBIN trade ideas
SBIN WEEKLY STRONG Zone MONTHLY BEARISH SHARK + WEEKLY BEARISH ALT BAT Vertical Dotted line is Ultra high volume up bar trap of Smart Money , Higher volume- Professionals are selling into the public buying. From ultra high volumes bar candle spread getting narrow + RSI BELOW 70
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
SBIN MONTHLY Bearish SHARK Strong POTENTIAL REVERSAL ZONE .Earlier this same Pattern given good reaction on Type1 entry & Hit TARGETS now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Vertical Dotted line is Ultra high volume up bar trap of Smart Money , Higher volume- Professionals are selling into the public buying SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & GREEN TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
SBIN MONTHLY Bearish SHARKT Strong POTENTIAL REVERSAL ZONE Earlier this same Pattern given good reaction on Type1 entry & Hit TARGETS now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Vertical dotted line is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
Prie Action Strategy.Opportunities:
a. Inside Candle
b. Within the Range
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My sincere thanks to my Masters trading panthulu, day trader Telugu and Nayan pokharkar.
SbinSentiments and key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
"BUY Signal" :- SBIN 1 hr Chart (Indicator : "Solved Signal 1")- BUY signal generated by Solved Signal 1(SS1) in 1 hr Chart of NSE:SBIN(State Bank Of India)
- ' NSE:SBIN (State Bank Of India)' 1 hr chart
- Indicator used "Solved Signal 1(SS1)"
- Solved Signal 1 generates buy signal(by default: text:- SS1, color= green ,shape=triangleup)
on 1 hr chart of 'NSE:SBIN' .It means NSE:SBIN can go up.
- Solved Signal Uses Volume and Price data for Solving the Market(See description of Indicator).
- Like and Comment.
- Thankyou
NSE:BANKNIFTY NSE:SBIN NSE:NIFTY BSE:SENSEX
SBINIF SBIN CLOSE BELOW THE HORIZONTAL THAN YOU SHOULD SELL AND WAIT FOR THE GAP WHIC MAY FILL BUT THERE IS A BULLISH DIVERSION IN RSI
Short SBIN below 384. Target of 370. With Stoploss of 390Major support at 385. If it breaks, it will fill the gap between 365 to 385. So watch out for SBIN tomorrow
SBIN -NSE/BSE Long term PT 3000Not a Financial Advice. Charting for entertainment purpose only. Not an expert, still learning charts.
Elliot wave analysis shows start of Third Impulse wave (#3) after a Flat and expanded correction. Long term PT- 3000 possibly higher.
Correct me if I am wrong.
Breaking all time high but what about business improvements?SBI has broken long time high with bang. But upward momentum is not able to sustain. Does this shows level play based on Gov support for PSU banks and doubts on improvements in business and margins in long term compared to non psu peers.
Descending Triangle pattern in SBINHi,
SBIN showing a Descending Triangle pattern it may go downwards to fill the gap.
Thanks
