SBICARD trade ideas
sbicards EXamplesbicard perfect dragon pattern
for long term
techically analysis only
currently formed diamond pattern or side ways
SBI Card - Looks good for new All Time Highs soon... SBI Card is looking good for very attractive upmove at CMP in days coming which may take it to 1400+
SL 740/-
trade setup for the stock = SBICARDthis stock is expected to touch the REWARD level as shown in chart - in 1 hour timeframe.
SBI Cards Long for next sessionSBI Cards looks good for next 2-3 sessions. T1=966, T2=998
Movement from Bollinger Band Squeeze on 2 Hrly Chart.
New to Trading, can't advise..., Only an observation, Only Hope to learn from trading experts
Sbi card near its resistanceSBI Card long above 1000Rs.(let it stay for a day )
1st target - 1090
2nd target - 1150
Stoploss - 940
SBI Card short below 880 Rs.
1st target - 790
2nd target - 720
Stoploss - 930
SBI cards long at 904Building position for Range reversal move - Tranche 1 of 28 shares at 904
Please note SBI cards is not showing bullish momentum currently, but because of excellent fundamentals, I have started to build a position
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out in Feb 2021, since then in range of 1100 to 900.
Currently price lower than 21, lower than 50, lower than 200
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? No, but divergence on RSI and MFI
2. At important support or resistance - horizontal - Yes bounce from 860 zone
3. At important confluence of EMAs + price + support - No - Below Daily 200 and Weekly 50
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - No clear behaviour
4. Is there any trend continuation in play?
Currently in Accumulation in my sense... should do a range reversal in the coming days
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth OPM is down... PE is lowest compared to EPS growth since 2021
2. Are institutional investors/promotors increasing their stake - Institutional, domestic have increased stack and public have decreased stake while promoters have remained stable
Intraday Pick - SBI cardsExtremely narrow CPR for the day. yesterday's close was defended by bulls. if that is taken out, we can expect a strong down move.
play out the H4/L4 breakout based on price action.
if a gap down / gap up opening, wait for first 15 min to test the key levels that are surpassed during the opening.
downmove target - unfilled virgin cpr at 923 from 29th July
there is a higher cpr relation from monthly and weekly level, any strong bull candle at that region indicates presence of swing and positional traders
SBICARD Bullish(Intraday View)SBICARD
Buy Above 940.50
Stop Loss 927
Target1 956
Target2 965
Educational Purpose Only
SBI CARDS BREAKOUT Sbi cards looks good on weekly charts given breakout on strong horizontal resistance trendline and gives a strong close above Bollinger upper band both breakout indicating good up move coming this stock
CAUSE OF LONG-:
1- Breakout on horizontal resistance trendline
2- Breakout on upper Bollinger band
Double Bottom(W) Breakout at SBICARD#doublebottom #pattern #Breakout (trend reversal) at #SBICARD (SBI Cards & Payment Services Ltd) weekly chart. #Outperformed
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Sign of Trend Change Price build up near 200 SMA & near major well defined resistance level , initial sign start of bull trend if price break the build up are and sustain above then high probability we will see continuation move .
Short on SBICard1. selling zone
2. invereted hammer on top
3. RSI divergence
Stop Loss - Above red zone
Target -777
SBI Card: A good portfolio betSBI Cards is trading at 49PE. A good portfolio bet for 1300+ TGTs in a yearly time frame.
SBICARDShort at supply zone
target till demand zone
Reason for short selling : 1.weekly and Daily trendline reaction
2. price at Daily selling /supply zone
3. week upside volume
SBI Card Looking Weak !!SBICARD : cmp : 685.7
A black marubozu kind of candle has been formed in D chart.
Making lower lows for 3 days.
Closed below previous low.
Trading below all major moving averages.
RSI trending down.
Sell on rally.
Short near 700 - 716 if comes.
Profit booking zone may be 668 - 648
SL 740 / According to ur risk appetitte.
June future can be look after.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
SBICARD- Swing Trade#SBICARD
Buy-Above 750
Sl-700
T-825 890 1100+
A double bottom formed in daily TF.
Sbi card medium term trade NSE:SBICARD
it is forming double bottom at supply demand conversion zone on weekly time frame.
This time it stands just at support level.
We should initiate a medium term position here with small quantity & will keep adding at retracement on daily time frame.
Expected targets are- 1st 900 & 2nd 1050.
it is also a investment type opportunity
it may take months to reach target 2nd.
Stop loss will be 8-10%.
Happy Investing!
