📈 **Technical Analysis on SBIN: Potential Uptrend Ahead** 🚀
SBIN appears to be completing its retracement structure in both smaller and larger time frames, signaling a potential upward movement. 🔄
We anticipate potential buying opportunities under the following conditions:
- **Break and Sustain Above 565:** A move above this level could trigger buying interest.
- **Completion of Minor Wave at 554-550:** Another entry point upon reaching this level.
This counter exhibits robust support at these levels on the larger time frame, adding to its bullish outlook. 📊
For strategic investment, we recommend a two-part approach:
1. **First Entry at 265:** If the price breaks without retracing to 554.
2. **Second Entry at 254:** Providing an additional entry point.
⚠️ **Risk Management:**
Set a Stop Loss at 250 on the hourly chart to mitigate potential downside risks.
This analysis aims to guide investors in navigating potential opportunities in SBIN, aligning with market dynamics and technical signals. 🌐💹
#SBIN #TechnicalAnalysis #StockMarket #InvestmentStrategy
SBIN appears to be completing its retracement structure in both smaller and larger time frames, signaling a potential upward movement. 🔄
We anticipate potential buying opportunities under the following conditions:
- **Break and Sustain Above 565:** A move above this level could trigger buying interest.
- **Completion of Minor Wave at 554-550:** Another entry point upon reaching this level.
This counter exhibits robust support at these levels on the larger time frame, adding to its bullish outlook. 📊
For strategic investment, we recommend a two-part approach:
1. **First Entry at 265:** If the price breaks without retracing to 554.
2. **Second Entry at 254:** Providing an additional entry point.
⚠️ **Risk Management:**
Set a Stop Loss at 250 on the hourly chart to mitigate potential downside risks.
This analysis aims to guide investors in navigating potential opportunities in SBIN, aligning with market dynamics and technical signals. 🌐💹
#SBIN #TechnicalAnalysis #StockMarket #InvestmentStrategy
Trade active
SBIN has achieved all initial targets,Advised hold this counter with the revised SL at 585 for the Target of 653-554
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.