SBICARD trade ideas
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 ...
INVERTED HEAD & SHOULDER BREAKOUT IN SBI CARDOne can intitate long position in SBICARD with minimum target of 1083
SBI CARD : Inverse H&S BreakoutKeeping SL of 900 (right shoulder) , one should go long on SBI card for target area of 1020/1040/1070
Buy SBICARD Above 980Many reasons to buy SBICARD:
1. March Quarter results - YoY Growth has been doubled.
2. Prices coming back to the parallel channel.
3. Tested support of 880 even after heavy selling.
4. Good business model, thus it can give great gains in long-term as well.
Targets marked on the chart with RED lines.
SBI CARD chart analysisStock Already break Trend line & retest Support ,Best Buy if daily candle Close above 982 or accumulate at this level.
Sbi Cards Sbi Cards - Cmp 906
Can long at cmp for initial targets of 980/1135 with sl 960 on closing basis. Medium target 1200 plus.
Reason:
1. Bullish divergence in RSI
2. Favorable risk reward ratio as near to support area.
SBI Card Daily chartSBI card breakout of TL with good support from the previous breakout zone. Entry above 980 looks decent for a target up to the supply zone.
SBICARDNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
► ADVANCE PATTERN #10: SBICARD ◄► ADVANCE PATTERN #10 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
▣ Key Highlights:
➨ Time frame 1 H
➨ Bullish Bat
➨ Support Trendline
➨ EMA 300 Resistance
➨ False Breakdown
➨ Unique Confluence
📌 Levels are:
Entry: ▲ 990
SL: ☢ 945
Target: ➚ 1111/1200
RR: ☈ 1:2.8
Do your own study before Trade!!!
SBI Card Cmp 974 dated 16.4.2021SBI Card Cmp 974 dated 16.4.2021
Breakout above 985
Buy 985 for tgt of 1015-1050-1100 SL 930
It is just a view, pls trade at your own risk.
SBI CARD | Bullish Divergence Spotted| Best Time to Buy- Stock made Bulllish Divergence on daily chart.
- Respecting its old Trendline
- Taking Support in weekly chart too
- Stock is still Trading above 200 MA
Those who missed the entry above hammer candle can take long above 980.
If it sustain '980' level, a good uptrend move can be seen in the upcoming weeks.
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SBI CARDS & PAYMENT Travelling in a Parallel Channel.
Took support at Trend line.
Simple Price Action analysis as I assume the bottom is made due to rejections for 4 weeks from falling further.
