Watch for the breakout. Currently its swing between these levels. Can expect a bullish movement on the break out.
Greetings ! Please validate Head and Shoulder pattern.
SBI Card ( NSE:SBICARD ) is continuously Consolidating in SR Zone. This can become a very good trade for intraday traders. Chart Published By Ravinder Sharma
The current rally is not an impulse. It should face supply soon
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
SBI Cards and Payment Services Ltd has retraced to support levels of 730. It can be bought above 749.5 for targets of 790 & 820+ levels. Maintain Sl below 720. Aggressive traders can consider buying at current levels of 733.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
SBI Cards was in downtrend since IPO listing and now again the movement is strong and stock is in uptrend and expected the movement towards 954 levels. Please note the chart updated here is for Educational Purpose only
Stock 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.
Refer my earlier trade idea for buying in the range of 712~722,those who have purchased it can wait until target come or can book partial profit. NSE:SBICARD
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.
Note: This is for educational purpose only. There seems to be a bullish breakout with rise in volume. RSI is at 70+ which indicates strong bullish momentum but overbought too. There will be some consolidation before start of the next bullish rally.
Once the mentioned zone is crossed it can be brought with small SL for long term. Targets are the yellow lines
Upside view. Trend active after 630. Sl-607 Target-1 650 Target2-680
NSE:SBICARD SBICARD is now in channel, you can see by changing TF (Time Frame) to 5, 15, 30. So Target looks to me is 570. :)
I wish this patter is wrong and stock will not break the neckline because this is the stock I have invested for long term But lets see how it will behave at the support