SBI Cards and Payment Services LtdSBI Cards and Payment Services Ltd at resistance level of 1140 for the third time. If this level broken it will fly..
SBICARD
SBI Cards : Triangle Pattern and Double BottomSBI card looks really bullish with double bottom and triangle breakout. one can buy for a short term target of 1140 in a month max.
SBI Cards - Parallel Channel BSE:SBICARD
SBI cards might give parallel channel breakout. Buy above 1100 for target of 1200
bullish its making narrow, and also near support may be seen upper level as we have draw on the chart, once it has to cross the narrow range for entry
SBI Card - IntradaySBI card above 1055. Resistance and TL BO will be confirmed. Keep under radar for this week.
SBICard - Rsi Divergence. Bullish ViewSBI cards.
As can be seen from the chart and the things mentioned onto chart,
1)We can see bullish divergence of RSI
2)Resistance turning into support and then into resistance again. can be called as change of polarity.
3)A Gap of 20pts can be cleary seen as mentioned onto chart.
Intraday can give 1050 bove 1025
Positional Above 1025 can give 1110.
SBICARD is looking weakNSE:SBICARD is looking weak. RSI is also implying the same. It can show 915 levels tomorrow if weakness continues. But 915 can be a good support and it can show reversal from there.
SBI Card :: Swing Trading Setup :: Duration 2 Weeks :: LongAll the levels are mentioned on the chart
This is not a trade or investment suggestion/advice. A person should trade on his/her own analysis and risk appetite.
If you like my analysis then please, give a thumbs up and follow for more analytical charts
SBI Card is approaching the zone—upside potential of 15%+?NSE:SBICARD has approached the 200SMA on Daily chart and is not too far away from 50SMA on Weekly. As highlighted in the chart, we can see a confluence of support zone and FIB level.
A confirmation candle might be needed, but it looks like an interesting long setup, especially if 900 is retested and held. Target can be around ATH which is ~15-20% away.
Price action in this stock tends to be a little choppy, so best to be alert.
SBI CARDS BUYING OPPORTUNITYSBI Cards gives a breakdown of its trend support
Note: Don't go for short, it may bounce because It is not a perfect breakdown so, look for buying opportunity, but if you still wanna go short only after confirmation candle
Also, Keep It Mind that
If stock market experts are experts, they would buy stock not selling advice. so trust no one make your own analysis
Cup and Handle in SBICARDNotes:
Cup and Handle formation started on 2nd March.
The latest candle (formed on 9/6/2021) showed a strong breakout from a channel consolidation in the handle part. It also broke and closed above the top end of the cup.
Could expect a retest/consolidation of the top of the cup before resuming any upward move (since the breakout was not supported by a strong volume). Hence, Possible accumulation zone near the present levels.
Topside target in such a pattern is taken as the depth of the cup. In this case, around 240 points or 20%.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
#TFCILTD CMP75.55 #Target 108.85 #ITDC #IRCTC #SBICARD #PFC #REC#TFCILTD
NSE: TFCILTD
Long Term Investment
CMP 75.55
Target : 108.85
SL : 67
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
SBI Card journey over last 6 monthsSBICard near its resistance level. Pullback every time it has tried to BO and breach resistance. Strong support zone also seen from which uptrends are clearly visible. Big contender to buy out Citi's retail card business in India. Potential to move BO resistance and give 10-15% upside with minor pullbacks in 2-3 months.
Disclaimer: For education purpose only.
Double Top Pattern on SBIDouble Top, a bearish reversal chart pattern explained
What is Double Top Pattern ?
NSE:SBIN
Double top is a trend reversal chart pattern formed after good bullish price move (a continuous price move for a good duration) where the upward price movement looses its steam (first top) and it retraces a bit (to neck line or mid point). Then again it moves in direction of original trend and reaches the first top level there by forming second top. It again cannot move above first top and start moving to neckline. Once the neck line is broken its fall in price is steep.
Understanding Double top in details
Double top is formed when the stock moves up for many days and the movement is steep towards the end. And then it falls from there by about 10-15 %. After this it again tries to move up and reaches level of previous high but cannot cross its previous high. After this it again starts falling to a level of neckline. Once it retraces below neckline a downtrend starts.
A image representing Double Top Chart Pattern formation
Please note that in actual practice, the two top may not be exactly at same level. Generally, second top is a slightly lower level but 1-2 % higher then first level is also acceptable. A significant higher second top may be dealt with lot of suspicion as it may indicate continuation of uptrend.
Volume in double Top has a lot of significance as it can help to confirm formation of the pattern. Volume during first top should generally be much higher than volume during second top formation and volume during midpoint formation should be much lower than volume during neckline break out. Please avoid aggressive positioning when volume is not supporting the move. For aggressive traders a strict stop loss is recommended.
It is very fairly common to see a pullback near to neck line after formation of the pattern. It should generally be seen as a healthy thing as it gives better confirmation of neckline as resistance. In some case the pull back may happen few times. If this happens too many times then it may not be typical double top pattern. In case of pullback, it is recommended to keep a stop loss of about 3% above neck line.
SBICARDNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
SBICARD 📈 Breakout alert#SBI
Entry above the candle which closes 1063
Targets -1071 / 1077 / 1086
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
