SBICARD is exhibiting reversal at multiple supports: 1. Trendline support from previous lows 2. 1.618 Fibonacci support 3. 200DMA support Further, RSI also touched 30 level and reversed. We are bullish on this stock, expecting the price to reverse to ATH of 1139.
EXPLANATION : This is a 15 Min time frame chart of SBICARD . The stock has been consolidating exact Demand zone , We buy at bottom and sell at the top , It has formed a Resistance become Support .
Breakout of previous high with decent volumes. Wait for restest to enter.
TAKE the trade if it opens a little gap up or sideways and with more than avg volume it breaks the blue trend line + closes above the biggest wick that is near ... take the appropriate risk and rewards will be at least the top orange dot marked and possible upside can also be seen. A breakdown or a gap down = leave the trade. Happy trading :) Don't take the...
Keeping SL of 900 (right shoulder) , one should go long on SBI card for target area of 1020/1040/1070
Travelling in a Parallel Channel. Took support at Trend line. Simple Price Action analysis as I assume the bottom is made due to rejections for 4 weeks from falling further.
start accumulate, till twenty of oct can be expected good upside in this stock. can short later when see any reversal candle.
SBI 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...
Expecting to show momentum soon
NSE: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...