SBI CARDS - Strong Straddle OpportunityStock stuck in zone, and may try to remain in the same
Upside resistance zone from 780 to 800
Downside support zone from 740 - 725
Final resistance at 815
Final support at 705
if opportunity arises and liquidity improves, straddle for next expiry (February) will be a good opportunity
Caution : Quarterly results still pending, Wait for that event to happen first
Sbic
SBI CARD - PRICE ACTIONSBI CARD - UPDATED LEVELS
Observations-
Created a range of approx 100 points , consolidated within it and break the range to the downside.
Then created a new range of approx 118 points and started consolidating in it, now what do you think does it break the range to downside again ??
if yes then what would be the new range ?