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vinay_aravelli

SBICARDS symmetrical Triangle pattern on MonthlyTF

SBI CARDS & PAYMEN (NSE:SBICARD)  
vinay_aravelli  
NSE:SBICARD   SBI CARDS & PAYMEN
Trend Lines Triangle Fibonacci
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trendline triangle fibonacci

  • SBICARDS has fallen 35% from all time high.
  • On Chart it is forming symmetrical triangle pattern which is a bullish pattern.
  • It also taking support on Trend line and Fibb level.
  • For symmetric triangle and Fibb level is best combination. With this combo if Monthly candle break trendline and 0.5Fibb level we can expect an possible upmove.

Note:
- SBICARDS has highest market share in cards market in INDIA. Due to
weak result it is falling.
- This is not an invest call , but a study how symmetric triangle
and Fibb level works combo works.


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