Sbi Cards - Cmp 906
Can long at cmp for initial targets of 980/1135 with sl 960 on closing basis. Medium target 1200 plus.
Reason:
1. Bullish divergence in RSI
2. Favorable risk reward ratio as near to support area.
Can long at cmp for initial targets of 980/1135 with sl 960 on closing basis. Medium target 1200 plus.
Reason:
1. Bullish divergence in RSI
2. Favorable risk reward ratio as near to support area.
Comment:
Correction - SL is 860. (Typing error)
Comment:
First target done :) So far has made a high of 1015. Some resistance is seen at 985 levels. Can see more upside once closing above 985.
Trade closed: target reached:
Made high of 1139. Both targets done. Can trail stop loss and hold for 1200 plus.