SBI Cards | BUYStock responded positively to the support of 20-day moving average. Around ₹756, the moving average coincide with the rising trend line increasing the strength of the support. Moreover, the trend is bullish. Hence, one can go long at current price levels and going ahead, the stock can be expected to register fresh all-time highs.
Sbicards
Stock Analysis of SBI Cards SBI CARDS - ₹740.80 Dt. – 26-07-2020
The stock has given a perfect buy opportunity right now. Price is near to support line as well as a trend line. Stock is moving in a channel and if move upward the stock will face resistance at ₹765.35 and then ₹797.40. If price starts moving down it can go up to ₹720.25.
Moving averages and indicators have given a buy signal.