Nimish_Ghagare

Swing Opportunity in Sbi Cards

Long
NSE:SBICARD   SBI CARDS & PAYMEN
Go Long above 1115.1 for Targets of 1214.95, 1314.8, and 1414.65 with SL 1015.25

Reason to go Long :

1. The stock formed a bullish chart pattern, Cup & Handle and today gave breakout with high volume .

2. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
Trade active: Entry triggered on 10 June 2021
Trade closed: stop reached: SL hit on 18 June 2021

Comments