SBICARD LongKeep eye for a potential breakout. Didn't close above the trendline today.
Confirmation required after B/O
SBICARD trade ideas
SBI CARDSHello & welcome to this analysis
Stock has been a major underperformer continuously making lower high and lower low.
In the immediate short term it needs to start sustaining above 720 to witness short covering and then above 750 it could witness institutional buying.
Failure to hold 690 on daily an 680 on weekly basis could lead to further weakness.
All the best with your investing and trading
Turning Bullish: SBI CardsSBI cards has good support around 688 levels.
Next Resistance sone is around 763, followed by 852 and 891.
RSI showing bullish momentum.
FII/FPI have increased holdings from 8.59% to 8.72% in Jun 2024 qtr.
Strong support 678 is strong support and stoch shows oversold if it breaks it will be downtrend or take support it will go up so keep a look on.
#sbi card.........cmp-709.80NSE:SBICARD
My primary view I bullish until it's hold 700-702 level
I am assuming that 1st wave completed and 3rd wave
going on.
Currently we are in 2nd wave (1 of 3rd) which probably
end on monday then we started wave 3rd which leads
price to 742.
Overall if the correction has been completed ( weekly
chart suggest ABCDE pattern which is almost end )
then 3rd wave target near 850.
Disclaimer- I am sebi registered. This idea only for educational
purpose .
#SBI CARD. ........CMP-709.80SBI CARD
My primary view is bullish now.
Until it's hold 702 level.
I am assuming that we are going to se 3rd (3) wave
which leads price to 740 or further in extension.
WEEKLY CHART ALSO SUGGESTING THAT THE (ABCDE) PATTERN MIGHT COMPLETED.
NSE:SBICARD
SBI Cards & Payment Services: Potential value pick Fundamental thesis: Stock not reflecting fundamentals correctly
3Yr EPS growth: 35%
3Yr Stock Growth: -11%
Current Multiples
Current PE: 28.5x
Fwd PE (25E EPS 30 Rs): 24x
Current BV: 5.7x
Current EV/EBITDA: 17.5x
Vs
All time Median Multiples
Median PE: 47.4x
Median BV: 11.1x
Median EV/EBITDA: 28.4x
Vs
Competitors
Bajaj Finance: 28.6x
Jio Finserv: 133x
Cholamandalam: 32.4x
Sundaram: 34.17x
Median: 33.25x
This is a company with 0 failure (SBI has 68% Stake) trading below its median and peers
Assuming stock has 0 EPS growth and PE reverts to its competitors: (25 * 33x = 831Rs) Upside 15%
Assuming the stock has no change in its PE and delivers on EPS (30 * 28.5x = 855Rs) Upside 18%
The risk you will be taking here is if the PE and EPS both do not perform which seems to me a little unlikely but it is a risk
Another note:
LIC and ICICI MF purchased more of this stock at 712Rs and 750Rs. I believe that ICICI did not buy this stock because they had to (due to capital sitting to be allocated) but because they saw actual upside. ICICI on a PR said this:
"Equity mutual fund inflows experienced a 16.4% decline in April 2024, reaching Rs 18,917 crore. This decrease is attributed to a significant drop in investments directed toward large-cap funds."
www.icicidirect.com
Analyst price tgts:
MOFSL: 850 Rs
BOB: 775 Rs
Avg upside 12%
Technical:
Based on my VRVP the price point the stock is hovering at is where it has seen the greatest volume come in
RSI at 46
MACD line at -35
Stock 9% above resistance 7% below breakout line
Entry
I will wait until earnings on Monday, if stock slips I will get in heavily, if earnings are good I will average until the price hits the breakout line
SBICARD -long for 10 % valuation is expensive at current level , so the suggestion is purely techincal
1. inside bar formation above 18 day EMA followed by a bullish engulfing bar
2.this bullsih engulfing bar closed above 200 day EMA with decent volumes
3.18 day EMA crossed 50 and 100 day EMA
4. Rounding bottom BO
target and SL marked
Bullish RSI divergence on weekly, currently on long term supportWeekly chart, price on long term support. Multiple confluences, RSI bullish divergence, strong support, volume built up, looks good for long position.
SBI Cards & Payment Services Ltd long term SBI Cards & Payment Services Ltd long-term chart
Multiple Support Seen at 650 Levels
Estimate Tar Mentioned in Chart Pls do not wait for Exact Tar
Only for Study Purpose
SBI CARDS - Not Bullish Yet | Neglected Stock!Price Analysis & Overview:
1. Price are yet to form HH-HL formations.
2. Trading below 50 EMA.
3. Volumes are dry. It seems like no one is still interested in the stock!
4. Touched the demand multiple times - increasing the chances to break the zone and go further lower.
5. Forming Double bottom.
6. Earnings are strong - That's the only good thing in the stock currently.
Trading Plan:
- JUST OBSERVE.
- Let it prove the buying strength!
Monthly TF View:
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TrendReversal On Bigger Charts!!🟢Its trading much below the IPO price. Weekly RSI crossed 60.
🟢W chart indicate capitulation & trend reversal near 650.35.
🟢Momentum invest trend follower given buy signal in W chart.
🟢Invested in SBICARD @735. Add on decline @650. SL=565 WCB.
undervalued stockLargest Credit Card Company
SBI Cards recently partnered with Reliance Retail to launch Reliance SBI Card focused on lifestyle.
During FY23, the company launched Cashback SBI Card for cashback on all online spend, Aditya Birla SBI Card in partnership with Aditya Birla Finance Ltd for brands under Aditya Birla Group and PSB SBI Card partnered with Punjab & Sind Bank for premium segment.
looks good above 730-750 range
SBI Card, Technical Outlook 21MayThe degree and nature of separation in both bands indicates the start of a downtrend.
But the price has been trapped in the Darvas Box. So the breakdown of the box confirms the downtrend. And a short trade with a R/R - 1/3 can be planned with a stop loss of 724 if breakdown happens with momentum.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
SBI CARD - Support levels will save bulls & Time for Reversal ?SYMBOL - SBICARD
SBI Card & Payment Services has been in downtrend since a long time.
It is now trading at major supports levels once again.
A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP.
SL can be 680.
Targets for trading purpose can be - 745 & 765.
For Investment, Targets can be - 770 - 840 & 920.
For investment purpose, I will not be surprised if it gets 2x or more from here in next 2 years.
Disclaimer - I have made long position in futures & I'm sharing my position & my analysis. This is not a buy/sell recommendation.
sbi cards now open his cards to reached life time high soon Sbin cards i follow last several years something is cooking inside the candle and chart pattern
what is key
1-First he follow fab. point
2- hold 2 down rising channel parallel way which is sign on reversal
3- there is flag on 2021 at the price of 1060 that will reached that price as early as possible
supply zone and resistance at the 820 and 840
FLY zone above 1000
ONLY for the long term holding position
Strong support at 650 and 620
SBI cards jackpot delivery trade taken from my last previous charts like ITI and Voltas which almost double and three times return in really quick time same I expect from the sbi cards charts
now price is 702
TRG 1 - 820
TRG 2 - 920
TRG 3- 1000
above 1000 that will reached to 1220/1420/1620/2000 trg for next 2 year
For shor term share holder SL 620 for long term and medium risk taker 500 is final SL
that all research and parameter those want to learn can contact me on my number [/
ICT- Concept 5 Using ICT concepts,
Liquidity Grab
MSS- Market Structure Shift
FVG
This is enough to form a bias and a model
Price is below 0.5 Fib trading at a very heavy discount and see how it has come in play
My next idea will be a trade before it has happened
Keep it Simple
SBICARD – Inverted HnS pattern breakoutSBICARD has formed Inverted HnS pattern around 760 levels.
Stock has been in downtrend since Mar’21 (3 years now) and has also formed triangle pattern (last leg done now).
If price sustains above 765 levels for 2 days then looks good for long.
Target: 930+, 1000+, 1160+, ATH.
SL: Daily candle close below 750.
SBI card at support level Take entry according to trendline breakout.
If a daily candle close above the trendline then take entry
Target: 870
Next average 525
500 Rs its life low so we can invest same amount at 525 level.
Dont forget condition for entry.
SBI CARD | Good for Long |NSE:SBICARD
CMP: 742
Reason for Trade : WEEKLY BO on TrendLine
Entry : Cmp or near Support 700
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
SBICARD - At support levels SBICARD is at support levels and looks like it is ready for its next swing, the company has good fundamentals and as per the chart it has a good upside potential of up to 50% growth from the current levels. Overall it shows a very good Risk:Reward.
SBICARD - sg-updated-weekly-10-and-above-gainersSBICARD - sg-updated-weekly-10-and-above-gainers
1) see retesting of levels below 144
2) Touching and getting below 144
3) Also, weekly close > than previous
