MiG007

SBI Card Part II

NSE:SBICARD   SBI CARDS & PAYMEN
Continuation of last post.

Stock may reverse from the blue line as well, it's current 2% std. deviation level.

Comments

Greetings ! Price movement depicts a falling wedge pattern. Stock though appears weaker contrary to expectations. Perhaps, Q3 festive season has so far not yielded better fee income to SBIC. If you look at OHLC for the month of November then Open was at 799 and close was at 799.30. This adequately explains underlying nervousness about SBIC.
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