#sbicard support level NSE:SBICARD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
Sbicards
Watch SBI CARDSWatch SBICARDS on a weekly timeframe.
It has taken support from the ascending trend line couple of times.
Currently it is about to test the trend line in few days. If we can see some reversal candlestick on a daily timeframe, it looks good to add for long term with a stop loss below 700.
Please note I’m not a sebi registered analyst.
Please analyse your self before investing.
SBI CardTF - Weekly
Piercing pattern is seen in Weekly TF.
after a continues downtrend, Green candle is seen.
This pattern means, downtrend is finished.
now we can expect uptrend in this script.
2 more reasons which makes it strong,
- Bank Nifty has seen "bullish engulfing" candle. whole banking sector starts journey on upward move.
- fundamentally, lockdown is eased to all over, except some of the areas in country.
SBI CARDSThis stock is looking good to go long, please watch the analysis of sbi cards in this video to get all key levels along with stoploss and targets.
Disclaimer
i am not a sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
SBI CARDS BUYING OPPORTUNITYSBI Cards gives a breakdown of its trend support
Note: Don't go for short, it may bounce because It is not a perfect breakdown so, look for buying opportunity, but if you still wanna go short only after confirmation candle
Also, Keep It Mind that
If stock market experts are experts, they would buy stock not selling advice. so trust no one make your own analysis
SBI cards | Very good consolidation for a BOTAKE 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 trade if u don't feel well emotionally or mentally ...