MohitKakkad

Bullish on SBI cards and payments!!!

Long
NSE:SBICARD   SBI CARDS & PAYMEN
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 BULLISH NSE:SBICARD
Trade closed: target reached: Target acheived. Went up to 800. Can still go higher. Trail your SL
Comment: People who trailed are already ahead of the targets. Next possible target Rs.900.
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