varadtambolkar

SBI Cards forming Ascending triangle.

Long
NSE:SBICARD   SBI CARDS & PAYMEN
SBI Cards currently bouncing from a trend-line. Taking support 4 times from the trendline.
Latest 3 supports on trend line were with high volume bars. This shows that trendline is acting as a strong support.
Stock currently available at supports, hence SL will be lower.

Place SL at 868 levels
Targets 1370/1575


Comment: There's loss of momentum.

One can exit completely.