SBICARD at Confluence of Multiple SupportsSBICARD is exhibiting reversal at multiple supports:
1. Trendline support from previous lows
2. 1.618 Fibonacci support
3. 200DMA support
Further, RSI also touched 30 level and reversed.
We are bullish on this stock, expecting the price to reverse to ATH of 1139.
1618 Fibonacci Extension
Nifty : Aaluma Doluma Aisalakadi Maluma !Happy Guys & I don't know what to give as title, so gave a song title :)
Getting Back to analysis, we drew ABCD yesterday, there can be more reasons coming up today for upside move. For example, Am expecting Double Bottom on 15mins time frame but will see whether it happens. I hope Nifty, after taking support around 9130's zone we may get move up till 9170's zone.
Let's see how this ABCD pattern completion works for Nifty, a gap up ? Hmm possible.. !
Last minute add, I forgot whom but someone mentioned that its at 61.8% through the zone of 9130's Nifty, anyway thanks to that person for providing input :)
Once Again Guys, Thank You So Much... Love you all.. Have a Wonderful Trading Day :)
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Google "aaluma doluma" for full song ;)