SYMBOL - SBICARD
SBI Card & Payment Services has been in downtrend since a long time.
It is now trading at major supports levels once again.
A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP.
SL can be 680.
Targets for trading purpose can be - 745 & 765.
For Investment, Targets...
SBI CARD is now available to us at very low price.
It broke a major support line and broke out failure.
A channel pattern is farmed as it descends.
This is a very strong demand zone where institutional players and big players are likely to enter.
If a daily candle closes above 710 we can look bullish from here.
First target@770
Second target@880
Stop...
SBI Card is trading very close to a support zone on weekly charts. What do you think? We will see a reversal from here or a breakdown?
Note : For educational and informational purpose only. We do not provide any buy or sell recommendations as we are not a SEBI registered Research Analyst .
Buy SBI Card Between 750-760
SL 710 (50Rs)
Target 1: 835
Target 2: 875
Target 3: 915
Target 4: 995
Target 5: 1160
Duration 6moths to 1 Year
Closed above 50 SMA with volume, possible reversal .
Trade as per you risk rewards.
Support trendline breakdown in SBI Card on weekly chart. But this looks like a fake breakdown. Confirmation will come around 890.
Disclaimer: Not SEBI registered. Showing analysis for educational purpose only. Consult a SEBI registered research analyst before taking any buy or sell decision.
Not so perfect but ABCD pattern is finished and now it is a buying opportunity above 796 with targets of 806.50, 815, 823, 849.50
Stop loss will be below 786 and once the T2 is reached it will be shifted to entry to safeguard the capital.
Hii all...
Greetings!
Today sharing with you SBICARDS daily basis charts, a small rounding bottom pattern can been seen around 822 to 865 levels, pattern shows a bullish view from current levels.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking...
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...
