VijayBabuA

SBICARD started making lower highs

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NSE:SBICARD   SBI CARDS & PAYMEN
SBICARD started making lower high's on daily scale, closing below 800 level will bring more weakness to this stock, next support placed at 720 level as per weekly chart. RSI was tried to reclaim 60 on weekly scale however it faced resistance at 60 and started sloping down.

during result week it fell from 900 to 760, last week gains of 8% were evaporated by this week fall.

800 level will act as a crucial support, if it starts trading below, then it could further fall 10% more.

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