SBICARD trade ideas
SBICARD 📈 Breakout alert#SBI
Entry above the candle which closes 1063
Targets -1071 / 1077 / 1086
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
bullish momentum is pendingStock is holding at this level. Momentum is bullish. Soon it will touch a new high.
SBI Card: Rounding bottom in uptrendSBI cards: Online banking, plastic money and online shopping has very big business opportunity in emerging markets like India. Credit cards once were luxury, now a household name and need of the time. India's middle class is growing. Online shopping trend is supported by credit facility like EMIs of credit cards.
Technically, Mulitple patterns, CnH (not complete yet) and Rounding bottom. At support of uptrend. and reentering in channel makes it a favourable Risk reward candidate. Go long for a targets of 1100, 1200++ SL 1000. Time frame 2-3 Months.
(Disclaimer: Do your own analysis, I am not SEBI-registered.)
RANGE BEREAKOUT IN SBICARDS.a strong closing above the range can be seen in SBICARDS in daily timeframe(1D timeframe), can be a good buy candidate at CMP with a strict stop-loss of 970, can only be avoided if closes below 970 level, may show a good upmove after being rangebounded for a long time.
THIS VIEW OF MINE IS PURELY BASED ON TECHINAL CHART, BEWARE OF NEWS.
SBI Cards LongSBI Cards Long
Buy at CMP-1074
SL- 1020
Target- 1150,1210
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Inverse head and shoulder pattern breakoutThe reason is self-explanatory on the chart. Can be bought for a target of 1045.
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Happy Trading :)
SBICard Ascending Triangle Breakout ViewSBICard:
Ascending Triangle Breakout Done
Stay Long above 1045 with support at 1010
SBI CARD AND PAYMENTS ANALYSIS FOR MAY 20TH 2021SBI CARD AND PAYMENTS ANALYSIS WITH THE POSSIBILTY OF SHORTING ON 30MIN AND 1HOUR TIME FRAME DO LOOK AT SUPPORT AND RESISTANCE AND TRENDLINE ALSO
SBICARDPlease take a look at the chart for the levels.
Wait for the price to come into our levels and if price declines further towards 930, keep adding more - Buy on dips.
Will update on the targets once the trade gets active !!
Happy trading!!
Regards,
Mind-Muslce
SBICARD BREAKDOWNTHERE IS A BREAKDOWN OF SBICARD FROM THE TREND LINE AND ALSO THERE WAS A RESISTANCE AT 990 RS. SO YOU CAN GO SHORT WITH STOP LOSS ABOVE 995 AND A TARGET AT THE NEXT SUPPORT AT 900-920 RS
SBI Card - Shorting OpportunityAfter a bearish order block, SBI card has already about to reach 50% equilibrium price (Fib retracement). As soon as it reaches between 62% and 79% retracement levels. It will be a good shorting opportunity and we can see a bearish rally to next liquidity pool levels marked on the chart.
Do share your views on the analysis.
SBI cards | Very good consolidation for a BOTAKE the trade if it opens a little gap up or sideways and with more than avg volume it breaks the blue trend line + closes above the biggest wick that is near ... take the appropriate risk and rewards will be at least the top orange dot marked and possible upside can also be seen.
A breakdown or a gap down = leave the trade.
Happy trading :)
Don't take the trade if u don't feel well emotionally or mentally ...
