SBI CARDS & PAY SER LTD
Long
Updated

Bullish on SBI cards and payments!!!

Simple analysis:-
1. RSI above 60
2. Volumes more than 20 day Moving average
3. Fib extension 1.618 indicates a near term target of around 776
4. Continuous up trend since May and June as can be seen in higher tops and higher bottoms / upward sloping trendline

News today :- Results are good for the quarter ending June 2020
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Looks BULLISHSBICARD
Trade closed: target reached
Target acheived. Went up to 800. Can still go higher. Trail your SL
Note
People who trailed are already ahead of the targets. Next possible target Rs.900.

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