SBIN trade ideas
STATE BK OF INDIA 1HRCONFLUENCE of 4hr bearish BAT & 1hr alt bat
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
SET UP BECOMES VALID ONLY when RSI s below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
STATE BK OF INDIA 4HRBearish BAT strong zone ,price was REJECTED whenever price touched this level as there is Daily RESISTANCE LINE(Red horizontal line)& Bat Potential reversal zone ..within 3-5 price bars need confirmation with BEARISH CANDLE + LOW VOLUMES & RSI BELOW 70 then
Potential SELL
else Reversal will be from Butterfly ZONE
STATE BK OF INDIA 30MNBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
SBI (State Bank of India) - *****Please follow, support and like this idea if it helped you in anyway*****
***This is not a financial advise***
It is a long term stock -
***it might even surpass the 450 band***
The current major support is still holding and respecting
Total of three perfect touchdowns & 4th touch down might take the market to make a lower low from the last three lower low
Some interesting facts about State Bank of India is - that it is keep making higher high every 10 years has tried many times to make a new higher high every 5 years
so next three years to five years, Sbi is can be seen trading in 250 to 350 price band area
Support and Resistance levelsSelling levels : 207 - 211.
Real Bullish above 220.
*Disclaimer: I just shared my view. Please trade with your own and comfortable ideas.
STATE BK OF INDIA 1HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
SBI small dump and then pump back to 235SBI will go down to create a double bottom and then pump back up to 235.
SBI - Intraday/Very short term swingThis analysis is purely based on price action
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
SBIN SBIN is currently in Sideways trend and current very short term mode is sell
Last day we seen series SBIN future(OCT) shed nearly 31 lakh position in Open Interest which accounts nearly -3.1 % of Total Open Interest in OCT series.
The open interest is also not increasing with downtrend, which means this is a time for caution so don't lose your chips
What you can do as buyers is to wait for the RED LINE to break. If that happens a sudden outburst is possible to happen both in volume and price.
SBI to return to precovid levelsSBI has formed a higher low and is consolidating sidewards. It will break out and reach target 1 - 240 and target 2 -300. Keep stop-loss at 190rs. or when the 8 ema crosses below the 20 ema in daily charts. This will take around 3 TO 4 months.
[POSITONAL] SBIN SHORT TRADESBIN has never moved >17% in a month in last 2 years
hence
shorting 215CE @ 1.45
buying 225CE@ 0.9
also retesting ema9
SBIN - Bearish SBIN CMP – 195.70
Looking Bearish and any bounce can be shorted. One can go for Intraday / Swing trade with the following entry, exit & targets
Sell range 192.55 - 190 / Stop Loss 196
Target 1 - 188
Target 2 - 185
Target 3 – 182 / 177
Short Term - 150
Note: This is my view and for educational purpose only
SBIN on Support Demand zoneSBIN can recover if breakout from 1hr SM triangle as its on support on daily trade line
