AB=CD pattern SBI CARDSBI CARD heading towards 840-885 levels if it sustain above 800
Resistance according to AB=CD pattern is at 885
SBICARD
Buy SBI Cards and Payment Services Ltd above 749.50SBI Cards and Payment Services Ltd has retraced to support levels of 730. It can be bought above 749.5 for targets of 790 & 820+ levels.
Maintain Sl below 720. Aggressive traders can consider buying at current levels of 733.
SBI Cards | BUYStock responded positively to the support of 20-day moving average. Around ₹756, the moving average coincide with the rising trend line increasing the strength of the support. Moreover, the trend is bullish. Hence, one can go long at current price levels and going ahead, the stock can be expected to register fresh all-time highs.
Watch Out SBICARDSBICARD has been trading near the support level of the channel. A breakout with good amount of volume, can be considered as a Potential up move till the resistance level of the channel.
Cheers!
Happy Trading.
sbi card uptrend formation is shown up in chart.expecting market ll be touched highest low but if crosses 769 market will be touched new high,bullish ,
SBICARD - Bullish move post consolidationNote: This is for educational purpose only.
There seems to be a bullish breakout with rise in volume. RSI is at 70+ which indicates strong bullish momentum but overbought too. There will be some consolidation before start of the next bullish rally.
A beautiful level for SBI cardSo 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.
bullish pattern ONE OF THE RIGHT FUNDAMENTAL STOCKS SBICARD , STOCK APPROACH UP SIDE SHOULD BE ADD ON YOU PORTFOLIO STOCK CAN BE GO 780 TO 800
SBI CARDSOnce the mentioned zone is crossed it can be brought with small SL for long term.
Targets are the yellow lines
Is SBI Cards Follow This pattern?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.
SBICARD now in channel: Target 570NSE: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. :)
SBICARD head and shoulder 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
SBI Cards Supply Demand Zone !!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.
SBI Card results tradeAs per all the news results are bad but I when we go deep into the results results are great
SBICARD look for breakout After allocation from IPO stock is down almost 33%
Averaged @505
Now looking for an breakout
SBI card Short Wolf wave and bat pattern are active
if you like my idea like this and follow for more
In-depth for SBI CARD.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 them which i feel is
1. Due to Corona Pandemic
2. Due to Moratorium on Loans, investors thought bruised everyone that what will bank do if credit card owners dont pay thier bills?
3. Some purposely took out to get the easy loan cashed by IPO for thier personal use
4. Some got out for frustration.
Now why SBI CARD looks delicious for me, here it is why
1. SBIC will not go up unless big players put up thier money here. So BIG PLAYERS ACCUMULATION = PROFIT FOR RETAILER's
2. SBIC will perform tremendously once accumulation is done.
The chart is in front of you, follow the charts. If you are a new buyer, please accumulate at levels of 500. If you have 1Lakh Capital, keep 10% of that at every levels
Like 10% on 500
5% on 450
10% on 400 and so on. Target levels 1120
SBICARD buy on breakoutTrading below IPO price and can be bought when it break trend line towards upside.
