Sbicards
#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).
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