SBI Card: Rounding bottom in uptrend

SBI cards: Online banking, plastic money and online shopping has very big business opportunity in emerging markets like India. Credit cards once were luxury, now a household name and need of the time. India's middle class is growing. Online shopping trend is supported by credit facility like EMIs of credit cards.

Technically, Mulitple patterns, CnH (not complete yet) and Rounding bottom. At support of uptrend. and reentering in channel makes it a favourable Risk reward candidate. Go long for a targets of 1100, 1200++ SL 1000. Time frame 2-3 Months.
(Disclaimer: Do your own analysis, I am not SEBI-registered.)


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter