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SBICARD

SBICARD Technical Analysis | Double Bottom Breakout Explained📊 SBICARD Trade Analysis 🔎 Price Action SBICARD closed at ₹900.05 with a sharp +5.13% gain, backed by a volume of 35.03 lakh, far higher than its 20-day average of 9.48 lakh (VolX = 3.67x). This massive surge in activity highlights aggressive buying and momentum revival after a consolidation phase. ________________________________________ 📉 Chart Signals – Double Bottom Pattern Breakout Strong bullish candle with heavy volumes. RSI breakout + CCI strength confirming trend. Bollinger Band breakout → signals upside continuation. ________________________________________ 📍 Key Levels Resistance: 919 – 938 – 974 Support: 863 – 827 – 808 ________________________________________ 📈 Investment Outlook 📈 Bullish Case – Why the stock could go up High-volume breakout (VolX = 3.67x) signals strong participation. Momentum indicators (RSI 74, CCI 238, Stochastic 98) confirm overbought strength. Upside potential toward ₹959 – ₹1015 if buying sustains. 📉 Bearish Case – Potential downside risks Failure to hold above ₹902 could lead to profit booking. High RSI suggests short-term overbought → risk of pullback. A break below ₹863 may drag toward ₹827 – ₹808. ⚡ Momentum Case – Short-term Trading Edge Volume breakout + RSI strength highlight bullish edge. Bollinger Band breakout points to strong near-term volatility. Holding above ₹902–919 may fuel rally toward ₹958–₹1015. 📅 Short-term vs Long-term Perspective Short-term (1–2 weeks): Likely to test resistances 919–974; supports 863–827 remain key. Long-term (1–3 months): Stock in recovery phase; sustained volumes and trend strength could establish higher base above ₹900. ________________________________________ 📝 STWP Trade Analysis Outlook: Momentum: Moderate, Trend: Neutral Entry: 902 | Stop-loss: 845.32 Target-1: 958.68 | Target-2: 1015.36 Risk/Reward: 1:6.08 | Risk: High | Volume: High Demand Zone: 874 – 850.05 | SL: 848.95(Pullback Zone) Learning Note: SBICARD is showing momentum revival with strong volumes; watch for sustainability above ₹900 to confirm trend continuation. ________________________________________ ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:SBICARDLong
by simpletradewithpatience
SBICARD at Key Level: Watch ₹780 Support, ₹830 BreakoutSBICARD is currently displaying a double bottom pattern on the daily chart — a bullish reversal setup that typically forms after a downtrend. This pattern signals that the stock is attempting to establish a strong base and could be preparing for an upward move. ⚖️ Key Levels to Watch Support Zone: As long as SBICARD holds above ₹780, the structure remains strong and the pattern is valid. A breakdown below this level could weaken the setup. Breakout Confirmation: A closing above ₹830 will serve as bullish confirmation of the double bottom breakout. Upside Targets: Once confirmed, the stock has potential to rally toward ₹860–880 levels in the short term. ✅ Summary In short, SBICARD is in a consolidation phase, attempting to break out from a double bottom. Holding above ₹780 keeps the bullish bias intact, while a breakout above ₹830 can trigger the next leg higher.
NSE:SBICARDLong
by ChartsBySachin
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.
NSE:SBICARDLong
by Arvind_Share_Academy
SBICARD | Monthly Timeframe Analysis🔥 Technical Breakout with a Strong Rejection Wick! 🔸 Parallel Channel Breakout Price has convincingly broken out of a long-standing parallel descending channel (orange) — a bullish signal indicating a potential trend reversal. 🔸 Counter Trendline Broken The white counter-trendline was broken earlier, leading to bullish momentum building up gradually. This breakout aligns with classic reversal theory. 🔸 Supply-Demand Flip Zone (Grey Box) The price action respected the SUPPLY → DEMAND zone beautifully before launching upward, confirming it as a key area of interest. 🔸 Long Wick Rejection Candle Notice the most recent monthly candle: a long lower wick with a strong body, closing near the highs. 🟠 Parallel Channel ⚪ Counter Trendline ⚫ Grey Supply-Demand Zone 🟥 Top Supply Zone 🟢 Bullish Rejection Candle
NSE:SBICARDLong
by Averoy_Apoorv_Analysis
2
Technical Analysis: Symmetrical Triangle Breakout in SBICARD • The weekly chart of SBI Cards (SBICARD) shows a symmetrical triangle pattern that has been forming since mid-2021. • The stock recently broke out of this pattern, indicating a potential trend reversal or continuation move depending on broader market conditions. • Resistance Breakout: The upper trendline, which acted as resistance, has been breached, and the stock is now retesting the breakout level (~800). • Volume Confirmation Needed: To validate the breakout, an increase in volume would be ideal. Fundamental Analysis: Mixed Earnings Performance • Earnings Per Share (EPS) Trends: • Q3 FY24 EPS came in at 4.25, missing estimates by 31.16%—a significant negative surprise. • Q2 FY24 EPS also missed estimates by 4.51%, while Q1 FY24 had a 4.59% miss as well. • The company has shown inconsistent earnings, which could cause volatility despite the technical breakout. • Revenue Growth: • Q3 FY24 revenue was ₹46.19B, exceeding estimates by 10.06%. • Q2 FY24 revenue missed expectations by 3.01%, while Q1 FY24 was also slightly weak. • This suggests that while top-line growth is strong, profitability (EPS) is under pressure due to either higher costs or operational inefficiencies. Investment View: Cautious Buy with Risk Management • Technical View: The breakout above the triangle is bullish, but the stock must sustain above 800-820 for confirmation. If it does, next resistance levels are 900 and 1000. • Fundamental Concerns: Weak earnings growth is a risk factor. The next earnings (April 2025) will be crucial. • Buying Strategy: • Entry: If the stock holds above 800-820, it can be bought with a target of 900-1000. • Stop Loss: 750-770 zone (below the breakout trendline). • Risk Factor: If broader market sentiment weakens or earnings disappoint further, the breakout might fail. Conclusion: A breakout trade is valid, but weak earnings make it a cautious buy with a tight stop loss. If fundamentals improve, the rally could sustain.
NSE:SBICARDLong
by Trade_lyst
SBI CARDS & PAY SER LTD looks at bottom, Ready to change trendHello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock that looks at bottom and ready to change trend. SBI Cards & Payment Services Ltd is the name of the stock. CMP is 712. Its all time low is 495 and all time high is 1160. Strong support at 680. It made low 655 in June 22, low of 678 in march 24, low of 647 in June 24, low 659 in Oct 24 and 670 in Nov 24. But not closing below that. Upside target as per Fibbo 790, 850, 900, 950, 1040, 1150. Just an assumption. Please do you research. Not a suggestion of buying. Source: Screener.in SBI Cards & Payment Services Ltd About SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India. Key Points History SBI Card was launched in 1998 by the State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in SBI Card.In March 2020, SBI Card became the first pure play credit card company to list on the stock exchanges in India. Largest Credit Card Company SBI Card, a subsidiary of the State Bank of India, is the largest pure-play credit card issuer in India. Products The company offers 3 types of cards: Super Premium (1 card), Core Cards ( 8 cards), and Co-Brand Cards (15 Cards in association with banks, retail and travel partners). Market Share Card in Force- 18.9% till Dec 23 compared to 19.1% in FY21 Spends- 18.3% till Dec 23 compared to 19.4% in FY21 Transaction- 17.1% till Dec 23 compared to 19.7% in FY21 Cards in forces stood at 1.85 Cr as on Dec 23 compared to 1.59 Cr as on Dec 22. Revenue breakup Q3 FY24 Interest Income: 45% (vs 44% Q4 FY22) Spend based: 29% (vs 26% Q4 FY22) Subscription-based: 6% (vs 8% Q4 FY22) Instance-based and others: 20% (vs 22% Q4 FY22) NPA Gross NPA: 2.64% in Q3FY24 (Increase 43 bps YoY) Net NPA: 0.96% in Q3FY24 (Increase 16 bps YoY) Borrowing Mix The Co’s funds have diversified sources including Working Capital Demand Loan (69%), Debentures (12%), and Term loan (19%). The share of term loan has increased from 3% while share of NCD dropped from 30% since Dec 23. New Cards Launches SBI Cards recently partnered with Reliance Retail to launch Reliance SBI Card focused on lifestyle. During FY23, the company launched Cashback SBI Card for cashback on all online spend, Aditya Birla SBI Card in partnership with Aditya Birla Finance Ltd for brands under Aditya Birla Group and PSB SBI Card partnered with Punjab & Sind Bank for premium segment. Changes in KMP Ahijit Chakravorty took charge as MD & CEO as Mr. Rama Mohan Rao Amara former MD & CEO resigned due to his transfer back to the State Bank of India on August 11, 2023. Focus Company will focus on acquiring cards across the diversified sourcing channels which includes open market and SBI customer base across both traditional point of sale as well as digital channels. It aims to increase its digital sourcing and has launched SBI Card SPRINT, an end-to-end digital application process for customers. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:SBICARDLong
by Alleyshah
SBI Card Support & Resistance 4 hour frame SBI Card (State Bank of India's credit card division) is a popular credit card issuer in India. Here are some key support and resistance levels for SBI Card's stock (SBIcard) based on historical data: Long-term Support and Resistance Levels: Support: ₹280-290 Resistance: ₹310-320 Short-term Support and Resistance Levels: Support: ₹295-300 Resistance: ₹305-310 Recent Breakout and Support Levels: Recent Breakout: ₹300-305 (SBI Card's stock has broken out above this level, indicating a potential uptrend) Support: ₹295-298 (This level has acted as a support zone for the stock in recent times) Fibonacci Retracement Levels: 23.6% Fibonacci Level: ₹285-290 38.2% Fibonacci Level: ₹270-275 50% Fibonacci Level: ₹260-265 61.8% Fibonacci Level: ₹250-255
NSE:SBICARDLong
by UnknownUnicorn62517722
SBICARD - Bullish Descending Triangle -Breakout - WklySBICARD - Bullish Descending Triangle -Breakout - Wkly- Name - SBICARD Pattern - Descending triangle Timeframe - Wkly Status - Breakout Volume - Very Good Cmp - 800 Target - 930,1029, 1060 and 1256 SL - 765 A descending triangle consists of: A descending trendline (resistance): As the price moves lower and posts lower highs, it will create a falling trendline A horizontal trendline (support): This line represents a key level of support
NSE:SBICARDLong
by DailyCharts03
SBICARD: Preparing for a breakoutSBICARD: LONG TERM INVESTMENT IDEA: Stock listed during corona-crisis and bottomed out in May-2020. After that stock gave a decent return in next one year and made a high of 1165 in Sep'21 when Nifty peaked. From there stock corrected lower and again reached to the listing price range and started showing some early signs of reversal. The current prices action suggests that stock is looking good for new all time high. Buy and hold for long term perspective keeping SL of 600 (Clbs).
NSE:SBICARDLong
by TradingSutra