SBI cards stock

Here is the link - https://share.gvine.app/d85jqVYD85t9hqCSA I made that post on a whim. I added this here just to let you know that i have SKIN IN THE GAME. I know the ***t i am talking about and i am not going to be just blabbering. This is going to be a long read. India is at the cusp of doing something very special and there is an opportunity to make  massive wealth in the next 2 decades. I feel every working professional should look up to equities and get educated if possible.  If you have no idea of technicals, read this with an open mind, it might give you a new perspective. Technical analysis has a lot more to it than whatever you see normally on YT. Many fundamental guys say that technicals are mumbo jumbo and it doesn't work. I know someone with over 100 cr of trading account who has built his career using both. I also know someone(Not directly but through someone) with 3000 crore ++ total portfolio and he uses technicals as well. It does work in the market it's just that you should know how to use it. ---------------------------------------------- SBI has a very interesting Long term Structure developing. Here is how i am looking to go long in this Counter. [WEEKLY TIME FRAME]. If you see on the chart there are 2 trough points (curve marked in blue). First curve low point was at 500, 2nd curve low point was at 550. This is a volatility contraction. Volatility decreases, leading to smaller price swings. During 2nd price swing (B) look at the dip in volume when price moves lower. Supply is getting absorbed. The seller was not able to push the price lower and the stock bounced back again. Contraction gets smaller and smaller, sellers are losing control. (There is so much to explain about VCP but i will have to deviate from the topic. I cannot emphasize enough how much money i have made trading this VCP and combining it with other filters . Look into it.) cont. REST OF THE ANALYSIS IS IN THE COMMENT SECTION.

SBI has moved around 20% for me. I'll explain how I plan to manage this trade ahead. You can read how and why I picked SBI here - https://share.gvine.app/yYujDrw15CLsLxC59 I have created my Substack, & I will begin posting there next week. I will drop the link here, so subscribe if you're interested :) I will also show who is interested, how to build a trading portfolio and enter the market at the right time in the next cycle after the correction. How one can outperform the market. ------------------------- The stocks that are on my radar are- ICICI B , JSW, Wipro, M&M. M&M has already given the entry but will wait for the pullback to get in. I picked up Wipro around 460. I selected Wipro before I started posting here, but will explain in another post how I chose it, just to give an idea of how to catch such moves. JSW Steel and ICICI Bank are getting ready, and I will initiate a trade when I get confirmation. I have entered with a probe quantity just to track it on a daily basis. They are doing the right thing for now. Again, I will only initiate if I get confirmation. I won't preempt. Why am I going behind JSW, SBI, ICICI Bank, and Wipro? Why behind Bank Nifty, Metal index,Nifty IT when PSU, Infra, Realty, Oil, and Energy are going crazy? Look at the index of Auto, Realty, Infra, PSU, Oil, and Gas, Energy. They have been consistently outperforming. Now if Nifty has to move up from here, which I think it will in weeks to come, I want to be in sectors and stocks that can offer a better good Risk:Reward. You always have to think about what can move next in the market. SBI, JSW, ICICI Bank, etc., are undervalued and underperforming. The sectors I mentioned above are outperforming but overvalued at this stage. Look at SBI and Wipro both have gone up 20% in the last 1 month without making any noise. I like it when the stock I hold keeps moving up without making noise on social media and news channels. CHECK COMMENT SECTION FOR SBI.

Which stocks according to you are undervalued and why(Ind and US stocks) For me - Meta, Weibo and alibaba are significantly undervalued.(All US listed)

Every Newbie market participant wants the market to fall. People with some experience like me feel that markets are very stretched and it should fall. Even a seasoned trader/Investor would say that markets have gone up a lot and it should be correct. Almost every participant is in the same boat hoping and waiting for a sudden fall to come any day 😂 I don't think markets are going to fall when everybody is cautious. It may remain in a broad range of 5-7% on both sides, frustrate a lot of participants until election and then move in either direction. Meanwhile stock specific movement will continue on the upside. It's so funny that everyone is patiently waiting and hoping for a fall 😂

Are you guys selling/buying?

Valuation

Given markets are at an all time high, what are some good stocks still undervalued and can give great returns?

I had shared about 3 trades here and rationale behind taking it. You can check it here - https://share.gvine.app/sugCF7MjAeSSFkvh6 SBI - BUY Price 635 Up around 10% General Insurance - 360 Up around 25% APAR IND - Just around the buy price of 6200. It is not of surprise to me what SBI has been doing among all the Large Caps. It was doing the right thing for the last 1 month and then started moving silently. Bank Nifty is not in the right structure, we will get a periodic pullback in SBI. The strategy is to hold and sit tight. I will use periodic pullback to add again into SBI again and will hold until the structure deteriorates. Trend is not going to be smooth like in DLF, Tata M etc. PSU bank space was silent for so many years and now they are posing a great competition to private banks. Private banks need to revamp to attract at such prices. GENERAL INSURANCE - It is a small cap and moves can be pretty wild. I did not explain the structure, i will do it once trade hits a certain %. APAR IND is taking its time, i like it when Stock consolidates absorb all the supply, shakeout a lot of participant and then move higher. Lets see how this trade pans out. Any trade that will be taken from now on needs to monitor closely.