Sbi card medium term trade

May 23, 2022

SBICARD
it is forming double bottom at supply demand conversion zone on weekly time frame.
This time it stands just at support level.
We should initiate a medium term position here with small quantity & will keep adding at retracement on daily time frame.
Expected targets are- 1st 900 & 2nd 1050.
it is also a investment type opportunity
it may take months to reach target 2nd.
Stop loss will be 8-10%.
Happy Investing!