Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
SBI's stock has been under consistent pressure after Q1 earnings.
It is now trading at long term channel support and at historically low valuations.
For people unaware of the fact, State Bank is India's LARGEST PROFIT MAKING company. Yes, you heard it right. SBI has reported net profits more than the likes of Reliance Industries and HDFC Bank for Q1.
As a...
A strong bullishness is observed in this stock....
if this will continue then a rally base rally is observed....
otherwise reversal chances are more...
keep safe here...
WE ENTERED ON JAN 3RD 2024
Can Enter again at CMP - 630
If falls You need to average at 600 level
We have already Entered at 552 level
Target - 700,900+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
On the weekly time frame, a noticeable triangle pattern has recently broken out. Counting from the bottom before the breakout, we observe waves 1, 2, 3, and the ongoing 4th wave. It is anticipated that SBIN will dip to 608-605 before initiating a breakout, setting the stage for the impulse 5th wave. The initial target for this 5th wave is projected to be 673.
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The expanding triangle, as its name suggests, is a triangle, but it differs from the other 3 types of triangle patterns which we covered in the previous chapter.
All triangle patterns consist of 2 lines, but in the previous 3 triangles (symmetrical, ascending, descending), the lines were converging, whereas for the expanding triangle, the lines are diverging.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
SBIN possibly have to move 2% more to reach the demand zone to get proper pull back! lets see
NOTE: I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
Branch Network
Presently, the bank operates a network of 22,219 branches and 62617 ATMs across India. It also operates 71,968...
After a strong break above the major resistance,now price is again at the same zone.
If this resistance acts as support,this stock will again be bullish.keep safe from this zone.
If this failed to push upside will observe a continuous down momentum in this stock.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
