Is SBI Card ready for the next strong upside ??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.
Targets:
Short Term: 775
Long Term: 900
QoQ Results were good
Script Available at lows
Growth and expansion in this business is huge
The idea shared is only for Educational Purpose.
SBICARD
SBI Card On Weekly Demand Zone New Study For Paper Trade
Buy SBI Card Near 770-780 (add more at 755-765)
StopLoss :740
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.
Study Logic
👉 Weekly Demand Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
#sbicard support level NSE:SBICARD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
🔵 VIEW ON SBICARD 🔵NSE:SBICARD
🔴Price Giving us an opportunity to buy at Demand zone.
🔴Let the price come to the demand zone... and make your long position on accumulation phase.
🔴Buy between 770 - 800
🔴Stop loss - Below 745
🔴Short term Target - 900
🔴Long term target 1000
🔴Note : Ignore buying
If the Demand zone 2
Gets engulfed
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
SBI Card (buy)NSE:SBICARD
SBI Card looks good for buying in multi time frame analysis
In weekly, it has created hammer at very strong support, can buy above last week high, and Stop loss below previous week low
In daily Piercing candle and good volume
Rsi moving above 40 in daily which shows sideways or uptrend market
Open interest showing short covering and long buildup in CE side
Note: I'm not a SEBI registered guy, It's only for educational purposes.