SBICARD
#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.
Lont term Investment and SWING trade opportunity in SBI CARDSNSE:SBICARD is continuously in down trend after touching it's all time high. Now trading around a very crucial support zone it can take a quick reversal from here and give a good RR in swing trade if taken after a retest on bullish side. But if the support is broken with high red volume then the bulls can be trapped. I will enter with Mindset of long term investing with medium quantity. will book if the good RR can be seen within 1-2 months or i will hold it for long term. fundamentally a very amazing company.