SBi CardSBI Card making descending Traingle, I am seeing around 8-10% downfall in near term. But the confirmation on breaking the support is needed to take any trade, the support is strong..
SBICARD trade ideas
Andrew Pitchfork.SBICARD has been following Andrew Pitchfork for a long time now. This rally has just begun. Positional target of 900++.
Downside triangle in SBI cards(1day time frame)a perfect downside triangle in SBI cards, high chance of correction as per past patterns...
SBICARD SHORTHead and should pattern
if it breaks the support 768 the sell
1st target 724
2nd target 690
3rd target 640
SBICARD is forming a bearish engulfing on weekly chartsThere is a bearing engulfing candle on SBICARDS.
The volumes are pretty good too.
There are two possible outcomes here:
1. Reversal from the support, as seen before (marked)
2. Further breakdown.
Ideas for trade: Wait for next trading session for a confirmation candle. Then take a trade.
No doubt, if there is a reversal from the support, then this could be a great trade on the long side.
SBICARD started making lower highsSBICARD started making lower high's on daily scale, closing below 800 level will bring more weakness to this stock, next support placed at 720 level as per weekly chart. RSI was tried to reclaim 60 on weekly scale however it faced resistance at 60 and started sloping down.
during result week it fell from 900 to 760, last week gains of 8% were evaporated by this week fall.
800 level will act as a crucial support, if it starts trading below, then it could further fall 10% more.
SBICARD Long and Short Idea for Intraday(Tuesday 10NOV)SBICARD came to the support level (Blue Line)
Looks good above 844 levels (Green Line)
Weak below 828 levels (Red Line)
Between these levels in no trading zone.
SBI CARD in support and resistence trade Greeting Traders.
This is sbi card 4-hour time frame chart.
I have used support and resistance in it and I have used the triangle pattern.
If the candle crosses the triangle, the movement of the market will be up.
1)support
2)resistance
3)tringle
Thank you.
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SBI Cards and Payments - Long CallSBI Cards at support level now, One can hold or Buy more for both Long term View and short term gain..
Start of Festive season will result in more use of credit cards which will add more revenue and growth in the current quarter and surely to aid the stock in near term
Happing Investing
