TodaRamBijaraniya

Bullish Harmonics(ABCD) pattern in SBICARD

Long
TodaRamBijaraniya Updated   
NSE:SBICARD   SBI CARDS & PAYMEN
SBICARD HAS GIVEN A GOOD HEALTHY CORRECTION. NOW, THE SCRIPT HAS FORMED A BASIC HARMONIC PATTERN THAT IS ABCD PATTERN TYPE BULLISH.
THIS CAN GET US THE TARGET-1 AND TARGET-2 A MENTIONED IN THE CHART.
KEEP A STRICT SL OF POINT D.

Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Trade active:
Crossed 800, heading towards 1st target. Stay invested.
Comment:
It has given an insignificant spike to below D point. I am still bullish on this counter.
Trade closed manually:
It touched 810 and now stoploss hit. I will share new Idea about this stock once the volatility settles.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.