Wednesday, March 5, 2025

STATE BANK OF INDIA (SBI) THE TREND AND VIEW 6 MONTH VIEW POSITION CALL BUY

 FIRST TARGET DONE IT MAKE HIGH  736.75 6/3/2025






THIRD TARGET DONE IT MAKE HIGH 822  2/6/2025 


5/3/2025    SBIN BUY 421 TGT 736 /789/820/860 SL 681 

Key Levels:

Support Levels:

₹681.65 (Fib 0.382)

₹721.05 (Current support)

Resistance Levels:

₹735.60 (Fib 0.5) – Immediate resistance

₹784.90 (Fib 0.618) – Medium-term resistance

₹861.00 (Fib 0.786) – Long-term resistance

Target & Stop Loss:

Short-term target: ₹735-740 (Fib 0.5)

Medium-term target: ₹785 (Fib 0.618)

Long-term target: ₹860+ (Fib 0.786)

Stop-loss: Below ₹681 for long trades, as breaking this may indicate further downside.

Market View:

Short-term (Days to Weeks):

The stock is rebounding from oversold RSI.

A move towards ₹735 is likely.

Medium-term (Weeks to Months):

If ₹735 is crossed, the next target is ₹785.

Bullish breakout above ₹785 can lead to ₹861.

Long-term (Months to Year):

₹861 is a major resistance level.

If sustained above, new highs are possible


Trend Analysis for State Bank of India (SBI):

1. Short-Term Trend (Days to Weeks):

Current Trend: Bullish pullback

Indicator Analysis:

RSI at 63.17, showing upward momentum but not yet overbought.

Price rebounding from ₹681.65 (Fib 0.382), indicating support.

Volume increase suggests buying interest.

Conclusion: Positive bias towards ₹735-740 if momentum continues.

2. Medium-Term Trend (Weeks to Months):

Current Trend: Neutral to Bearish

Price Action:

The stock has been in a downtrend since December 2024.

Resistance at ₹735.60 (Fib 0.5) needs to break for bullish confirmation.

Reversal pattern visible with RSI divergence.

Conclusion: Bullish if price sustains above ₹735-740, target ₹785.

3. Long-Term Trend (Months to Year):

Current Trend: Sideways with a bearish bias

Fibonacci Levels:

Major resistance at ₹861 (Fib 0.786).

Stock is currently in a correction phase from previous highs.

Conclusion: Breakout above ₹785-861 will confirm trend reversal for fresh highs.

Summary View:

Timeframe Trend Target Stop Loss Key Level to Watch

Short-Term Bullish ₹735-740 ₹681 ₹723 (Support)

Medium-Term Neutral ₹785 ₹681 ₹735 (Resistance)

Long-Term Sideways ₹861 ₹681 ₹785-861 (Breakout Zone)


STATE BANK OF INDIA (SBI) Trend Analysis

Based on the chart and indicators, here’s a comprehensive Trend Analysis:


🔥 Trend Analysis Overview:

Current Price: ₹721.95

Time Frame: 2-Hour Chart (Short-term to Medium-term view)

Indicators Used:

Fibonacci Retracement

RSI (Relative Strength Index)

Volume

Trendlines (Downtrend Channel)

📌 Trend Observations:

✅ Short-Term Trend (Bullish Reversal Possible):

The stock is currently bouncing from the ₹681.65 support (Fib 0.382).

RSI has crossed 60 from the oversold zone (37) indicating positive momentum.

Volume has spiked on the recent green candles, confirming buyers' interest.

First resistance is at ₹735 (Fib 0.5), where price action might consolidate.

🔄 Medium-Term Trend (Neutral to Bullish):

The stock has been in a downtrend channel since December 2024.

To confirm a bullish reversal, SBI needs to close above ₹735-740 with good volume.

If crossed, the next target would be ₹785 (Fib 0.618 retracement zone).

RSI sustaining above 60-65 will further strengthen the bullish bias.

❌ Long-Term Trend (Still Bearish):

SBI remains in a downtrend unless the price crosses ₹785.

Only above ₹861 (Fib 0.786) will the long-term trend officially turn bullish.

The stock is forming lower highs and lower lows on the bigger timeframe.

🔑 Summary Trend Direction:

Time Frame Trend Action

Short-Term Bullish Reversal Buy above ₹723 with SL ₹681

Medium-Term Neutral to Bullish Buy above ₹735, Target ₹785

Long-Term Bearish (Downtrend) Wait for breakout above ₹861

🎯 Trading Plan Suggestion:

Type of Trade Entry Target Stop Loss Time Frame

Short Term ₹723 ₹735-740 ₹681 2-7 Days

Medium Term ₹735 ₹785 ₹715 2-4 Weeks

Long Term Above ₹785 ₹861+ ₹735 1-3 Months

🔍 Conclusion:

Bullish Bias in short term if ₹723 holds.

Major breakout only above ₹785 for medium & long-term targets.

Failure to sustain above ₹723 will push SBI back to ₹681-650 support zone.

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