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
Sbicards
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 ...
Journey of SBI Cards, "(Breakout + Consolidation) Format"(Breakout+ Consolidation) became a general trend for NSE:SBICARD . In recent terms, the stock has consolidated a lot and has formed a parallel channel taking support at (800) and resistance at (870) . So breakout is possible
Support- 800
Resistance - 870
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.