mmjimm

BULLS regaining momentum IN SBICARDS ??!!

Long
mmjimm Updated   
NSE:SBICARD   SBI CARDS & PAYMEN
Chart patterns indicating bulls favour in sbicards !!

1. Major Channel pattern respected in weekly and daily time frame.
2. Another small channel pattern (1hr time frame) paves way for a F&O trade.

3. Entry only after a 1HR Breakout with VOLUME.

4. SL- 809 (better to consider 1 hr closing price).
5. Target levels mentioned in chart.(F&O - trail the stoploss).

6. We can expect it to go near 1000 levels soon.(Will update once this target is achieved)

Let's wait and watch!!!!

Note- Just Sharing my view....not a tip nor advice!!!!
Order cancelled:
below 804 .....tough for bulls to get going.
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