SBI CARDS LONG!SBI CARDS consolidating since a long time. It is time to break the ATH. Multiple attempts have been made to do so.
SBICARD trade ideas
swing trading setup - triangle pattern - SBI CARDSAscending triangle pattern inside a paralle channel on daily timeframe.
sbicard-Ascending Triangle FormationSBI Card is forming Ascending Triangle pattern & taking support on trendline.
Its resistance is at 1156.It has touched it many times but never given closing.
Just watch out this stock,As soon as Banknifty gets stable we can expect its breakout.
POSSIBLE BREAKOUT CANDIDATEI am waiting for closing above 1160. It'll open the gates for 1500+. We're good as long as closing above 1080.
#SBICARDS next update harmonic#SBICARDS next update harmonic
PRZ-1027-1020
CMP:1071 @2 November 2021
Breakout above 1137
6th ATTEMPT for a resistance breakout above 1137 zone
Positional view
Strong support zone 1000
SBICARD | Cup & Handle inside the triangle pattern - 15-20%SBICARD | Cup & Handle inside the triangle pattern - 15-20%
CMP : 1135
SL : 1060
Target : 1270, 1340
1:2+ risk reward setup
1st Target calculated based on Cup & Handle (Fib)
2nd Target calculated based on Triangle size
SBI Card looks good on Daily Time Frame - Go for LongNSE:SBICARD
SBI Card is making strong pattern on daily time frame. Go for Long from here.
Current Price: 1075 rs
Good Entry Point: 1020 - 1060 rs
Target: 1350 rs - 1450 rs
Stop Loss: 990 rs
Probability: Positive for Long position
Risk Reward Ratio: More than 1:4
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy Investing..
Updated Idea for SBI CardForming Ascending triangle on weekly timeframe wait for breakout take entry whenever near support
Buy at support or breakout
Target 1200 , 1250 , 1300
Stoploss 1050
SBICARD : Looking for long!SBICARD is looking for a great buying opportunity! After having range for almost 7-8 months & has formed Higher lows on 4h. Waiting for 1185 to break the consolidation then can expect TG for 1500.
Breakout level after 8 monthsSBICARDS is in a mood to go big after 8 months. Take it as positional for complete november and target till 1400
sbicardstock is facing resistance as red line shows.
sbicard may break now with green line support.
impoertant support is blue line.
SBICARD INVERSE HEAD AND SHOULDERSbicards has been hovering near its support for quite some time now and has formed an inverse head and shoulder. It might give a breakout from here and can be added for a short term target of 1200-1220
SBICARD sure callif all time high at 1165 breaks then it will surely goes 5% to 7% hence target is 1223.25 for 5% swing traders buy at : 1165 breaks with volume. we can see Cup shape Recovery , dow theory forming, resistance 1139.90 trying to break ,trend line support and near to triangle breakout . hence I think this is sure call
SBICard up for a breakoutSBICard has been actively taking support at 200 EMA and bouncing back and hitting 1140-1160 levels, but this time it seems it isn't headed towards 200-EMA and rather it is forming a Bull Flag , one can go long once breakout done and expect an Immediate Target of 1300.
Short Term Target: 1500
SBI Cardsgood asending triangle formation on daily chart daily closing abobe 1140-50 levels is good for long position also from 29th oct it is included in fno segment. after closing n sustaining above 1150 it can move 200 points with sl of 1080 on closing basis. equity buy is good for this week.
sbicard positional tradelong for target of 1200 but first let good candle close above 1140 on close basis
sbicard for very long termwait for bullish flag breakout upside then long for target of 1810
good luck
SBI CARDOn very good resistance level
if breaks will see more upside levels in it.
Not any recommendation
Thank you ...!
SBICARD LongShowing Bullish price action (Ascending Triangle formation) might give Good Swing Trade. Expected Target 25% up
