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SBI CARDS AND PAYMENT SERVICESSBI CARDS AND PAYMENT SERVICESSBI CARDS AND PAYMENT SERVICES

SBI CARDS AND PAYMENT SERVICES

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SBICARD trade ideas

SBI Cards | BUY on Close above 860SBI Cards and Payment Services Limited (SBICPSL), incorporated in 1998 and a 69.51%-subsidiary of SBI, is a non-deposit taking systemically important non-banking finance company registered with the Reserve Bank of India. It is the second largest credit card provider in the country, with a card base of about 10.5 million as of March 31, 2020. Apart from the corporate office in Gurgaon and the registered office in New Delhi, SBICPSL has 19 branches with 140+ sourcing locations, 39,000+ sales agents, 4 call centres and over 6,000 collection agents across 140+ cities in India. The company has generated EPS of Rs 4.19 during Q1FY21 as against full year EPS of Rs 13.26 which is ~31% of full year EPS. The stock is consolidating near its ATH and any breakout above 860 on closing basis will result in new ATH. Q2FY21 results holds the key.
NSE:SBICARDLong
by covaitraders1
Learn RSI Part 1 : Basic of Relative Strength IndexHello Traders, I am back with the new educational concept. You may have often heard the word "RSI" We are going to study about RSI : "Relative Strength Index", which is the most used indicator. RSI is the price following indicator and it provides important levels from 0 to 100. The important levels of RSI are 40-60, 70-30 and 50 ------------------------------------------------------------------------------------- Why do we practice RSI? There are a few reasons for using the most important indicator. 1.) It provides over bought & oversold levels. If RSI goes above level 70, we can say it has "overbought" and if RSI goes bellow level 30 we can say it has "oversold" Q.1 What is oversold & overbought? A: These two terms are extreme level when the price reaches this level, reversal is possible So shall we travel further? YES! Cool! 2) RSI gives us the direction of where the trend is going! I have added level 50 as an important level. So, if the price is below level 50, we can say that atmosphere is bearish and if price is above level 50 we can say that atmosphere is bullish. In short, Bearish below level 50 Bullish below level 50 It is better to draw a horizontal line at level 50, to have a check on it easily! We will continue the series it will cover the divergence and many more indicators. --------------------------------------------------------------------- If you have any doubts, you can put them in the comment section below.
NSE:SBICARDEducation
by Trade-Technique
16
SBI CARD Wave 1 Complete. Time for Wave 2 Decline!Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3= 640 Where this Wave 2 Decline will Stop, I do not know but there is a High Probability that we will at Least meet Target 1 for this Downfall. My Bearish View Negates if we make a New High above 868 Studies apart from EW such as: Price Volume Action RSI MACD ADX ......Are ALSO Confirming my Bearish Thesis, SO if you do not want Short at least I Will not be a Buyer till SBI CARD makes a new High. Provide me Feedback and Support if you liked this Bearish Setup Happy Trading :)
NSE:SBICARDShort
by T_Harth
3