Get started

SBICARD

How to Trade SBICARDHow to Trade SBICARD 📊 Technical Overview: Current Price Action: SBICARD opened at 862.2 and closed at 914.65, showing a positive move from the previous day's close of 889.7. The stock has formed a Bullish Engulfing pattern, indicating possible continuation of the uptrend. Key Indicators: The stock is currently trading above its 50-day EMA (858.07) and 100-day EMA (822.96), suggesting a bullish short to medium-term outlook. The 200-day EMA (789.38) is further below, offering long-term support. Volume Analysis: Volume (1590048) has increased compared to the previous day's volume (917982), indicating rising interest. 🔍 What to Watch: Resistance Levels: Watch for resistance at R1 (933) and R2 (951). A break above these levels could lead to a test of R3 (987). Support Levels: S1 (879) and S2 (844) are key support levels. A drop below these levels could signal a possible reversal or consolidation. Bullish Patterns: The stock shows a strong bullish candle, and Bullish VWAP could indicate further upward momentum. 🧠 STWP Insights: Momentum to Watch: With a RSI breakout and Bullish Momentum, SBICARD is likely to continue its positive trend. Keep an eye on R1 (933) and R2 (951) for possible breakout opportunities. Swing Trade Potential: The Bullish Engulfing pattern and rising volume suggest the stock could be a candidate for swing trades if it holds above S1 (879). 📌 Disclaimer: This post is for educational and informational purposes only. It does not constitute investment advice or a recommendation. Please consult your financial advisor before making any investment decisions. STWP and this post are fully compliant with SEBI regulations and promote responsible market learning.
NSE:SBICARDLong
by simpletradewithpatience
1
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 EmpireCrown
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 VCharts_TA
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
SBI CARD - Support levels will save bulls & Time for Reversal ?SYMBOL - SBICARD SBI Card & Payment Services has been in downtrend since a long time. It is now trading at major supports levels once again. A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP. SL can be 680. Targets for trading purpose can be - 745 & 765. For Investment, Targets can be - 770 - 840 & 920. For investment purpose, I will not be surprised if it gets 2x or more from here in next 2 years. Disclaimer - I have made long position in futures & I'm sharing my position & my analysis. This is not a buy/sell recommendation.
NSE:SBICARDLong
by akshit_official
15
SBI CARD | Good for Long |NSE:SBICARD CMP: 742 Reason for Trade : WEEKLY BO on TrendLine Entry : Cmp or near Support 700 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:SBICARDLong
by Art_of_charting_Knowledge
2