Banks fell badly (especially SBIN & SBI Card) after the new RBI card rules, which was a drastic reaction.
NSE:SBICARD is currently in the accumulation phase after creating strong support at 730. Once the level is broken i.e. 750, I expect a big up move.
Not so perfect but ABCD pattern is finished and now it is a buying opportunity above 796 with targets of 806.50, 815, 823, 849.50
Stop loss will be below 786 and once the T2 is reached it will be shifted to entry to safeguard the capital.
NSE:SBICARD SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card launched in May 1998 by State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired stake in the company.
SBICARD gave BO of Bullish...
NSE: SUVEN is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
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.
1. Support and Resistance zones correctly plotted in the chart
2. These are called Price Pivot Zones
3. Confirmation Candle such as Bullish Engulfing Candle formed at PPZ level.
4. Take profit and stop loss level correctly placed in the chart.
5. Pure price action.
(SBI CARDS for long term investment) one can
average or add few chunks in 800 levels
or the average RSI near 43, Next chunk
can be invested in the yellow support.
(Currently taken support in pivots Fibonacci - P )
Posted highest profits ever.
Credit card penetration high.
Highest ever credit card spending's.
Sbicard Looking good for long.
After a good downtrend finally now a sign of trend reversal on Daily Time frame by forming Doji on bottom.
Above 20 EMa
Supertrend also Bullish now
Weak Below 832 on Closing Basis
Upside Targets - 880-900-920
For Educational Purpose Only
Long SBI card above 780 after the BO of marked resistance line. The stock has traded at the area of value. Strong support has been taken by the stock. The bullish engulfing candle is also seen at the support level on the weekly chart. A higher probability that stock will bounce from this area for the next target of 850-900-915 with SL between 680-690. This is for...
NSE:SBICARD is performing better and better when we checkout the results. The script is fundamentally sound and the card business is on track. Investors can add positions at current levels i.e Rs. 715. A strong upmove or rebound expected in near term.
Short Term: 775
Long Term: 900
QoQ Results were good
Script Available at lows
New Study For Paper Trade
Buy SBI Card Near 770-780 (add more at 755-765)
Target : 840-900-970
Currently Sbi card is consolidated in one range and also box Pattern applied when box Pattern Break then perfect entry caught.
You can Also buy futures and call option after trend reversal confirmation.
👉 Weekly Demand Zone
Only For Paper...