SBICARD looks good for reversal in weekly chart.
Can Accumulate between 700-750 zone. Might reach channel upper line in coming years. Targets are given.
Stoploss for longtermInvestors is given.
Note : No idea about fundamentals. View is completely based on technical view of chart.
SBI CARD is now available to us at very low price.
It broke a major support line and broke out failure.
A channel pattern is farmed as it descends.
This is a very strong demand zone where institutional players and big players are likely to enter.
If a daily candle closes above 710 we can look bullish from here.
First target@770
Second target@880
Stop...
Support trendline breakdown in SBI Card on weekly chart. But this looks like a fake breakdown. Confirmation will come around 890.
Disclaimer: Not SEBI registered. Showing analysis for educational purpose only. Consult a SEBI registered research analyst before taking any buy or sell decision.
