SBI Card is showing signs of strength on the daily timeframe, completing a double bottom pattern, a classic bullish reversal setup. The stock is expected to close positively today around ₹830, confirming breakout intentions.
🔹 RSI is hovering near 60, indicating rising bullish momentum without being overbought.
🔹 The 20 EMA is sloping upward, reinforcing the short-term bullish trend.
🔹 Watch for resistance near ₹880, which coincides with a falling window gap — a likely profit-booking and supply zone.
📌 Key Levels:
Breakout above ₹830 can trigger momentum towards ₹880.
₹880 remains a crucial level to watch for follow-through or rejection.
🔔 Keep an eye on volume confirmation to validate the breakout.
🔹 RSI is hovering near 60, indicating rising bullish momentum without being overbought.
🔹 The 20 EMA is sloping upward, reinforcing the short-term bullish trend.
🔹 Watch for resistance near ₹880, which coincides with a falling window gap — a likely profit-booking and supply zone.
📌 Key Levels:
Breakout above ₹830 can trigger momentum towards ₹880.
₹880 remains a crucial level to watch for follow-through or rejection.
🔔 Keep an eye on volume confirmation to validate the breakout.
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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.
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.