SBI Card | Double Bottom Breakout | Bullish BiasSBI 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.
