Any one who wants to invest in credit card companies can go with sbi card as you see in chart that this share has starts fall from jun 2023 and now almost in ends .
this is trading bet as well as long term for 1 year . . .
this share forms a pattern of falling wedge so accurate
Discalimer:- i am not sebi registered all loss as well as profit both is solely...
SBI Cards has been on a constant decline from June last year and gave a break above the trend line. Good chance to capture a 5% upmove in the short run.
Please let me know your thoughts in comments
SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.
SBICARD - sg-updated-weekly-10-and-above-gainers
1) see retesting of levels below 144
2) Touching and getting below 144
3) Also, weekly close > than previous
SYMBOL - SBICARD
SBI Card & Payment Services has been in downtrend since a long time.
It is now trading at major supports levels once again.
A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP.
SL can be 680.
Targets for trading purpose can be - 745 & 765.
For Investment, Targets...
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...
trendline breakout with high volume and strong bullish candle
rsi bullish divergence with possible breakout
volume rising along with adx shows strength in stock
macd crossover also done now it is above zero line
keep in radar it can give decent in short term
Take entry according to trendline breakout.
If a daily candle close above the trendline then take entry
Target: 870
Next average 525
500 Rs its life low so we can invest same amount at 525 level.
Dont forget condition for entry.
In SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly.
Targets for mid to...
📊 Script: SBICARD
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near it's support level.
📈 We may see some good rally into this stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 730
🟢 Target 🎯🏆 - 778
⚠️ Stoploss ☠️🚫 - 712
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new...
breakout from resistance level
trading below 200 moving average
relative strength line below zero line
which are not good symbol
can take a trade with stop loss of 670
which is 8% loss
