KakasoGhodake

SBI Card: Rounding bottom in uptrend

Long
NSE:SBICARD   SBI CARDS & PAYMEN
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.)

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