SUPER SBI: Intraday Trading Strategy on SBI / SBIN

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Discussion Topic: SUPER SBI Intraday Strategy


In this article, we will discuss an intraday strategy on SBI / SBIN. This is a very easy to use strategy and one of the best SBI intraday trading strategy for working professionals. Because of its profitability, I have given it a name “SUPER SBI”. Hope you will like this Premium SBIN Intraday Strategy.

Before I continue, let me remind you that investing in the stock market is a very risky business. Please read our disclaimer before investing.

What is SUPER SBI – The SBIN Intraday Trading Strategy?


SUPER SBI is a profitable intraday strategy on SBI / SBIN scrip which I use personally for profitable trading. Since last 1 year, this strategy is giving good profit on MTM basis. This is purely a price action and range breakout strategy with a high level of accuracy. This strategy can also be categorized under mouse trap strategy.

It is very easy to implement and you only have to look at the chart for 1 to 2 minutes on every 30-minute basis. Hence, this SBI intraday trading strategy is perfect for working professionals who do not have much time to constantly monitor the market.

What Scrip / Instrument is this?


Scrip Name: State Bank of India

NSE ID: SBIN / NIFTY 50

BSE ID: 500112 / S&P BSE SENSEX

Trading Segment: Cash & Futures Market.

What is Inside Bar Pattern?


As this strategy is based on the concept of the inside bar pattern, let me first give some input about it.

Super SBI Inside Bar Trick

Refer to the above Image, an inside candle is such a candle whose high & low is completed within the range of its previous candle. Means the High of that candle would be less than the high of the immediate previous candle and the low of the candle will be higher than the low of the immediate previous candle.

Here, the larger candle is termed as the "Mother Candle", and the smaller candle is called the "Child Candle" or "Inside Candle".

How to Trade with SUPER SBI intraday strategy?


As everything in this earth has some set of rules, it also has. You just have to follow the defined rules with discipline. Also, make sure you do follow money management basics and adhere to the position sizing technique.

SUPER SBI Intraday Trading Strategy Rules


Time Frame: 30 Minute Candlestick or Bar Chart.

  • The range of 1st candle should be broken by any candle. If not broken, then no trade.
  • Next, watch for any candle whose range is 1 rupee or less than 1 rupee but greater than 0.30 rupee. 
  • If found, then place a BUY order above 5 paise of the HIGH & a SELL order below 5 paise of the LOW of the signal candle.
  • The order must execute in next candle only. If not, then cancel the setup and look for the next setup.
  • SL will be candle LOW / HIGH with 5 paisa buffer.
  • Target will be:
    • 1st Target: 1 rupee from the candle High / Low (i.e.-0.95 rupee from entry price).
    • 2nd Target: 1.5 rupees from the candle High / Low (i.e.-1.45 rupee from entry price).

SUPER SBIN Intraday Strategy Fine Tunes:


  • No entry to be taken before the breakout of the 1st candle.
  • If the signal candle is an inside bar of the previous candle then:
    • (i) For GREEN inside candle put SELL order only.
    • (ii) For RED inside candle put BUY order Only.
    • (iii) And If the inside bar is a perfect doji candle, then out both orders.
  • In case of inside bar signal candle, fresh entry can be taken only after the breakout of the mother candle.
  • You should not take any fresh entry if any existing trade is running.
  • If you get profit on any trade in a day, then you must not take any other entry on that same day.

How to Follow SUPER SBI Intraday Trading Strategy in Real Life?


I will give 2 examples on how to trade in this SBI intraday strategy (SUPER SBI / SBIN Strategy).

Trade Example 1:

Let’s take the example of 29th Mar’19

The low of the 1st 30-minute candle was broken by the 2nd candle. Hence, now onwards you should look for a candle whose range, i.e. - the difference between high & low, is lower than or equal to 1 rupee and greater than 0.30 rupee.

After a long wait, we have got such a candle at the closer of 01:15 PM candle (9th candle). The High of the candle was 320.00 and Low of the candle was 319.25. Hence, the range was 0.75 rupee, which is obviously less than 1 rupee.

Super SBI Intraday Strategy Inside Bar Sell

But if you look closely, you will find that this candle was an inside bar of its previous candle. Therefore, we must look at the candle color. As the candle color was green, we must place only the SELL order according to the strategy. Abode by the rules, a SELL order was placed at 319.20 (Low - 0.05).

 After a few minutes, the sell order triggers and price went down till 317.25. That means it went down 1.95 rupees. Hence, Both Target-1 (0.95 rupee) & Target-2 (1.45 rupee) has been achieved.

Remember, you have to book 75% at 1st target and 25% at 2nd Target.

Trade Example 2:

Let’s take the chart of 26th Mar’19.

The high of the 1st 30-minute candle was broken by the 2nd candle. Therefore, now onwards you should look for a candle whose range, i.e. - the difference between high & low, is lower than or equal to 1 rupee and greater than 0.30 rupee.

After a few minutes, we got such a candle at the closer of 11:15 AM candle (5th candle). The High of the candle was 298.30 and Low of the candle was 297.30. Hence, the range was 1.00 rupee, which is obviously exact 1 rupee. Hence we placed a BUY order at 298.35 and SELL order at 297.25.

But unfortunately, the next candle does not trigger any of the orders and the setup gets canceled.

Super SBI Intraday Trading Strategy execution

Now what? you have to wait for the mother candle breakout and the search for another setup candle. Now, fortunately, after a few minutes at the end of 12:15 PM candle (7th candle) both breaks the mother candle (5th candle) and also formed a setup candle. The High of this candle was 298.50 and Low was 297.85. The range is now 0.65 rupee. Hence, we placed a BUY order at 298.55 and SELL order at 297.80.

After a few minutes, the BUY order triggers and price went up till 303.70. That means it went up 5.15 rupee. Hence, both the Target-1 (0.95 rupee) & Target-2 (1.45 rupee) has been achieved.

Remember, you have to book 75% at 1st target and 25% at 2nd Target.

Though this strategy worked well for me, please do some backtest before working with this strategy. Also, you may do paper trade or trade in small quantity to gain confidence in this strategy. Don’t put a big amount in trading unless you are 100% confident and without a brief discussing with your financial advisor.

We hope that you have enjoyed the above article explaining the intraday strategy on SBI / SBIN. Be with us to explore forex trading, stocks trading, and other money-making opportunities.

Leave us some comments if you have any questions or doubts about this SBI intraday strategy, we will be happy to help you.

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Posted in Stock Trading Strategy and tagged , , , , , , .

I'm an MBA Professional and just want to share my knowledge & experience about online earning opportunities. I have 8+ Yrs of experience in Forex/Stock Trading & 10+ Yrs in online home-based earning.
I wish you all the best !!! Happy Earning !!!!

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