Thursday, August 21, 2025

SBIN BUY


 State Bank of India (SBIN, 15-min timeframe) that you uploaded. Let’s break it down with Target, Stop Loss, Pivot Levels, and Technical View for Short Term, Medium Term, and Long Term.


🔎 Technical View

Fibonacci Retracement Levels:


0% → 824.25 (Support base).


50% → 831.15 (key intraday pivot).


61.8% → 832.80 (resistance).


100% → 838.05 (next upside target).


Current Price Action:


Price at 832.90, slightly above Fib 61.8% (832.80).


RSI showing an upward breakout, but nearing overbought zone → momentum positive but may face resistance.


Support & Resistance:


Immediate Support: 831.15 → If breaks, next support 824.25.


Immediate Resistance: 832.80 → Next upside target 838.05.


🎯 Targets & Stop Loss

Buy Side Trade Setup:


Entry: Around 831–833 zone (if sustains above 832.80).


Target 1: 835


Target 2: 838.05


Stop Loss: Below 829.50 (just under pivot zone).


Sell Side Trade Setup (if fails to sustain above 832.80):


Entry: Below 831


Target 1: 828


Target 2: 824.25


Stop Loss: 834.50


📊 Pivot Levels (Based on Chart)

Resistance (R1) → 835


Resistance (R2) → 838.05


Support (S1) → 831


Support (S2) → 824.25


⏳ Trend Outlook

Short Term (Intraday – 1-2 days)

Bias: Bullish if above 832.80.


Target: 835 → 838.05.


Stop Loss: 829.50.


Medium Term (1–3 weeks)

If stock sustains above 838, next upside targets 845 – 852.


Weakness only below 824, which may drag towards 815–812.


Long Term (1–3 months)

SBI is overall in an uptrend (higher highs, strong base near 820).


As long as price stays above 815–820 zone, long-term trend remains bullish.


Long-term upside targets: 860 → 880.


✅ Summary:


Bullish bias above 832.80 with targets 835–838 (short term).


Stop loss at 829.50.


Medium-term bullish above 838 (target 852).


Long-term strong above 815 with potential 860–880.

*શ્રીજી ફાઇનાન્સ એન્ડ ઇન્વેસ્ટમેન્ટ*

No comments:

Nifty 50 Futures OVERVIEW 12/5/2026 10.50 A.M

  Nifty 50 Futures CMP: 23,654 Trend: Short-Term Bearish to Sideways Price has broken below important short-term support and is trading near...