RoyRishu

SBICARD LONG POSITION AFTER 555

Long
NSE:SBICARD   SBI CARDS & PAYMEN
THERE IS LOTS OF SUPPORT AND RESISTENCES IN THIS AS MARKET IS SO SIDEWAYS AND ALSO SBI IS ALSO IN A RANGE BETWEEN 585 - 540 I AM SEEING A BUY POSTION AFTER PRICE SUSTAINS ABOVE 555 AND MOVES UP AND SELLING AT THE RESISTENCE THIS WOULD BE GOOD FOR INTRADAY BUT FOR SWING TRADERS SBI CARD IS NOT AN OPTION RIGHT NOW IN MY OPINION
THE TECHNICAL INDECATOR WILLIAM % IS SHOWING OVER SOLD RANGE (-88.7) BUT I THINK THE PRICE WILL SOME TIME IN SIDE WAYS TO MAKE IT AT LEAST GO BELOW 92 OR 93 OR IT CAN AGAIN TEST THE SUPPORT AT 550
OVERALL MARKET SENTIMENT IS BEARISH SO MUST BE CAREFUL IN THESE TRADES
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