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Sbicards

Technical Analysis: Symmetrical Triangle Breakout in SBICARD • The weekly chart of SBI Cards (SBICARD) shows a symmetrical triangle pattern that has been forming since mid-2021. • The stock recently broke out of this pattern, indicating a potential trend reversal or continuation move depending on broader market conditions. • Resistance Breakout: The upper trendline, which acted as resistance, has been breached, and the stock is now retesting the breakout level (~800). • Volume Confirmation Needed: To validate the breakout, an increase in volume would be ideal. Fundamental Analysis: Mixed Earnings Performance • Earnings Per Share (EPS) Trends: • Q3 FY24 EPS came in at 4.25, missing estimates by 31.16%—a significant negative surprise. • Q2 FY24 EPS also missed estimates by 4.51%, while Q1 FY24 had a 4.59% miss as well. • The company has shown inconsistent earnings, which could cause volatility despite the technical breakout. • Revenue Growth: • Q3 FY24 revenue was ₹46.19B, exceeding estimates by 10.06%. • Q2 FY24 revenue missed expectations by 3.01%, while Q1 FY24 was also slightly weak. • This suggests that while top-line growth is strong, profitability (EPS) is under pressure due to either higher costs or operational inefficiencies. Investment View: Cautious Buy with Risk Management • Technical View: The breakout above the triangle is bullish, but the stock must sustain above 800-820 for confirmation. If it does, next resistance levels are 900 and 1000. • Fundamental Concerns: Weak earnings growth is a risk factor. The next earnings (April 2025) will be crucial. • Buying Strategy: • Entry: If the stock holds above 800-820, it can be bought with a target of 900-1000. • Stop Loss: 750-770 zone (below the breakout trendline). • Risk Factor: If broader market sentiment weakens or earnings disappoint further, the breakout might fail. Conclusion: A breakout trade is valid, but weak earnings make it a cautious buy with a tight stop loss. If fundamentals improve, the rally could sustain.
NSE:SBICARDLong
by Trade_lyst
SBI CARDS & PAY SER LTD looks at bottom, Ready to change trendHello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock that looks at bottom and ready to change trend. SBI Cards & Payment Services Ltd is the name of the stock. CMP is 712. Its all time low is 495 and all time high is 1160. Strong support at 680. It made low 655 in June 22, low of 678 in march 24, low of 647 in June 24, low 659 in Oct 24 and 670 in Nov 24. But not closing below that. Upside target as per Fibbo 790, 850, 900, 950, 1040, 1150. Just an assumption. Please do you research. Not a suggestion of buying. Source: Screener.in SBI Cards & Payment Services Ltd About SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India. Key Points History SBI Card was launched in 1998 by the State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in SBI Card.In March 2020, SBI Card became the first pure play credit card company to list on the stock exchanges in India. Largest Credit Card Company SBI Card, a subsidiary of the State Bank of India, is the largest pure-play credit card issuer in India. Products The company offers 3 types of cards: Super Premium (1 card), Core Cards ( 8 cards), and Co-Brand Cards (15 Cards in association with banks, retail and travel partners). Market Share Card in Force- 18.9% till Dec 23 compared to 19.1% in FY21 Spends- 18.3% till Dec 23 compared to 19.4% in FY21 Transaction- 17.1% till Dec 23 compared to 19.7% in FY21 Cards in forces stood at 1.85 Cr as on Dec 23 compared to 1.59 Cr as on Dec 22. Revenue breakup Q3 FY24 Interest Income: 45% (vs 44% Q4 FY22) Spend based: 29% (vs 26% Q4 FY22) Subscription-based: 6% (vs 8% Q4 FY22) Instance-based and others: 20% (vs 22% Q4 FY22) NPA Gross NPA: 2.64% in Q3FY24 (Increase 43 bps YoY) Net NPA: 0.96% in Q3FY24 (Increase 16 bps YoY) Borrowing Mix The Co’s funds have diversified sources including Working Capital Demand Loan (69%), Debentures (12%), and Term loan (19%). The share of term loan has increased from 3% while share of NCD dropped from 30% since Dec 23. New Cards Launches SBI Cards recently partnered with Reliance Retail to launch Reliance SBI Card focused on lifestyle. During FY23, the company launched Cashback SBI Card for cashback on all online spend, Aditya Birla SBI Card in partnership with Aditya Birla Finance Ltd for brands under Aditya Birla Group and PSB SBI Card partnered with Punjab & Sind Bank for premium segment. Changes in KMP Ahijit Chakravorty took charge as MD & CEO as Mr. Rama Mohan Rao Amara former MD & CEO resigned due to his transfer back to the State Bank of India on August 11, 2023. Focus Company will focus on acquiring cards across the diversified sourcing channels which includes open market and SBI customer base across both traditional point of sale as well as digital channels. It aims to increase its digital sourcing and has launched SBI Card SPRINT, an end-to-end digital application process for customers. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:SBICARDLong
by Alleyshah
SBI CARDS - Not Bullish Yet | Neglected Stock!Price Analysis & Overview: 1. Price are yet to form HH-HL formations. 2. Trading below 50 EMA. 3. Volumes are dry. It seems like no one is still interested in the stock! 4. Touched the demand multiple times - increasing the chances to break the zone and go further lower. 5. Forming Double bottom. 6. Earnings are strong - That's the only good thing in the stock currently. Trading Plan: - JUST OBSERVE. - Let it prove the buying strength! Monthly TF View: - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:SBICARD
by SuperNova396
3
SBI CARDS TRADING AT IT'S WEEKLY SUPPORTIn SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly. Targets for mid to long term have been calculated according to the swing highs in weekly timeframe. This whole idea will become invalid if price closes below 655 which is the major support area in weekly timeframe. So, please keep SBI CARDS in your watchlist for long term investment. If you like my view, do support it with a boost which is a valuable inspiration for me to post ideas like this in future. Thank you friends!
NSE:SBICARDLong
by rtfofficial1618
SBI CARD BULLISH 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 loss@678 So please keep SBI CARDS in your watchlist for long term investment. If yoy like my view, do support it with a boost whitch is valuable inspiration for me to post ideas like this in future. thank you friends! Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading.
NSE:SBICARDLong
by Ashokdyavan123
2
Positional_ SBI Cards1. SBI Card has formed Cup and Handle Pattern. 2. I am expecting a breakout again after a RETEST. 3. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes. I already have open positions which will be squared-off after target is met.
NSE:SBICARDLong
by UnknownUnicorn7637383
SBI Cards; Bullish viewGot these shares in the IPO; added some more at Rs 515 Now the share has retested it's weekly support (which was pending). I am expecting a great journey on the long side (of course it'll take time). New entry not suggested; "Hold" for the person already have this. I promised myself that I won't exit this stock until and unless my money is "doubled". Fundamentally it looks attractive: 1. Reduction in competition: HDFC bank being restricted to issue new credit cards 2. It is 2nd Largest issuer of credit cards in India 3. 41% CAGR for previous 4 years in PBT (Profit Before Tax) I've shared my view, but please do your own analysis.
NSE:SBICARDLong
by UnknownUnicorn7637383
Small Rounding Bottom More UpsideHii 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 a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:SBICARDLong
by NikhilChoudhary2023
SBI Card On Weekly Demand Zone 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 Trade And Education Purpose Don't Real Trade I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
NSE:SBICARDLong
by mahetarimtiyaz