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SBICARD

SBI CARD Wave 1 Complete. Time for Wave 2 Decline. UPDATE!If you check my Last Post on SBI Cards, I was Kind of Too Early to Call the Tops as the Wave count got Extended. But even keeping aside Elliot Wave since its forecasting in nature and not that Accurate since Counts keep changing and there are always Alternate Count views. So even going by Traditional Price Volume Action which is a LOT MORE Reliable than Elliot Wave theory. SBI Cards showing Clear Signs of Distribution post the Earnings Gap Down. Head & Shoulders Top forming , also more Bearish Volume than Bullish Volume and more Wide Range Red Candles as compared to Green Candles. What else is Needed? - Price is heading to find Support at 725 MINIMUM as a Bearish Target 1! - It can Even go more Down as I've mentioned the Levels. If you have Longs I suggest Exit. Since its not in FnO you can't Short so I'd suggest play this Bearish View Intraday in Cash MIS Selling
NSE:SBICARDShort
by T_Harth
8
SBI Cards | BUY on Close above 860SBI Cards and Payment Services Limited (SBICPSL), incorporated in 1998 and a 69.51%-subsidiary of SBI, is a non-deposit taking systemically important non-banking finance company registered with the Reserve Bank of India. It is the second largest credit card provider in the country, with a card base of about 10.5 million as of March 31, 2020. Apart from the corporate office in Gurgaon and the registered office in New Delhi, SBICPSL has 19 branches with 140+ sourcing locations, 39,000+ sales agents, 4 call centres and over 6,000 collection agents across 140+ cities in India. The company has generated EPS of Rs 4.19 during Q1FY21 as against full year EPS of Rs 13.26 which is ~31% of full year EPS. The stock is consolidating near its ATH and any breakout above 860 on closing basis will result in new ATH. Q2FY21 results holds the key.
NSE:SBICARDLong
by covaitraders1
SBI CARD Wave 1 Complete. Time for Wave 2 Decline!Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3= 640 Where this Wave 2 Decline will Stop, I do not know but there is a High Probability that we will at Least meet Target 1 for this Downfall. My Bearish View Negates if we make a New High above 868 Studies apart from EW such as: Price Volume Action RSI MACD ADX ......Are ALSO Confirming my Bearish Thesis, SO if you do not want Short at least I Will not be a Buyer till SBI CARD makes a new High. Provide me Feedback and Support if you liked this Bearish Setup Happy Trading :)
NSE:SBICARDShort
by T_Harth
3
SBICARD : At Breakout LevelNSE:SBICARD Hi Traders, SBICARD remained range-bound throughout month. Now, it is trying to break both resistance and trendline. Entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:SBICARDLong
by vimal.kr.pathak
2
SBI Card share to take long entry.Clearly on all TFs SBI card stock is on bullish mode. Stock is making the higher highs & trading the level with 20 EMA. A small pull back has been seen on the charts. Stock is in triangle pattern & after the BO we can see very good movement in the stock. Long entry can be taken above the level of 814 for the next target price of 835. if stock able to cross the level of 840 successfully if can see the level of 850 with life time high. So add the stock in your watch list to see the price action movement of the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
NSE:SBICARDLong
by Tech_stock_trader