So clearly you can see by the box visual, don't have musch to say about the moment of the stock. Since the stock is not very old listed it is repeating the it's previous chennel zone.
ONE OF THE RIGHT FUNDAMENTAL STOCKS SBICARD , STOCK APPROACH UP SIDE SHOULD BE ADD ON YOU PORTFOLIO STOCK CAN BE GO 780 TO 800
Once the mentioned zone is crossed it can be brought with small SL for long term. Targets are the yellow lines
in 30m time frame , we can clearly see that head shoulder pattern and Neckline breakout. It tested neckline one time and accumalating in one range. according to my analysis SBI card will fall very soon.
NSE:SBICARD SBICARD is now in channel, you can see by changing TF (Time Frame) to 5, 15, 30. So Target looks to me is 570. :)
I wish this patter is wrong and stock will not break the neckline because this is the stock I have invested for long term But lets see how it will behave at the support
TREND ANALYSIS & TRADE SETUP Wave Analysis & Chart Pattern . Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short.
As per all the news results are bad but I when we go deep into the results results are great
RR Ratio 3:39 follow me and like my post for amazing analysis
After allocation from IPO stock is down almost 33% Averaged @505 Now looking for an breakout
Wolf wave and bat pattern are active if you like my idea like this and follow for more
Short TERM Trading Idea SBI CARD, India's largest lender of credit card listed thier IPO in March, which turned out to be a nightmare for investor's. SBI even started rolling loans for SBI customers so that they can get the IPO at a loan which profits both consumer at LONGER term and gain bank the interest. There was a reason behind the fall of SBI card. Few of...
Trading below IPO price and can be bought when it break trend line towards upside.
Stock has been the holding the support created on 24 march 2020 Currently trading near trend line resistance , any break above it, may take stock to 640 -660 levels. RSI - Bullish Divergence is followed by RSI Resistance at 60 levels + Negative Reversals.