Breakout in SBI CARDSDescending Triangle Breakout Setup
RSI above 65 and rising
Trading above EMA50
Volume spurt
34+ months of consolidation
Disc: for study, not a recommendation
SBICARD trade ideas
#SBICARD 1 WEEK SBIN price target is 936.43 INR with a max
estimate of 1,075.00 INR and a min estimate of
690.00 INR.
SBICARD bullish on daily Time frame SBICARD has given B3 buy signal on daily chart and B2 but signal on weekly chart.
Also breaking out the long-term downtrend line. Can enter after retest on Trend 📉 line.
SBICARD - Bullish Descending Triangle -Breakout - WklySBICARD - Bullish Descending Triangle -Breakout - Wkly-
Name - SBICARD
Pattern - Descending triangle
Timeframe - Wkly
Status - Breakout
Volume - Very Good
Cmp - 800
Target - 930,1029, 1060 and 1256
SL - 765
A descending triangle consists of:
A descending trendline (resistance): As the price moves lower and posts lower highs, it will create a falling trendline
A horizontal trendline (support): This line represents a key level of support
Most Hated stock in India market Now a days (April 2024)NSE:SBICARD One of the most hated stock right now in Indian stock market. It's totally contra call right now. Stock is highly bearish zone at current market price. But if quarterly number comes good then we can expect sharp move in this stock.
Key level to watch -
*700-680 Strong Support Zone
*780-800 Breakout Zone
SBI CARD FALLING WEDGE IN TOWN TRENDfalling wedge pattern in weekly chart
broke the counter trend line after 3 years of consolidation
trend is turned from bearish to bullish
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
Charging it up with SBI Cards - Observation only- NOT FINANCIAL ADVICE -
Simple funda - Best exposure to pure credit card growth in India, through a subsidiary of India's largest bank. A quasi state owned credit card company.
Breakout above previous support (and now resistance) in price along with a close above 325 day SMA will make it a buy - all levels given on charts
SBICARD triangle breakoutSBICARD given triangle breakout in day timeframe
and also need triangle breakout with weekly close.
Immediate target expected 850-900 in short term
in log term post breakout expected to move 1100+
Disclaimer : I am not SEBI registered.. study is only for educational purpose
SBICARD levels 30 Min (S/R)we mark Support and Resistance on the charts so you can check..
For SBI Cards & Payment Services Ltd. (SBICARD), the support and resistance levels for today are as follows12:
First Support: ₹714.22
Second Support: ₹711.78
Third Support: ₹709.57
First Resistance: ₹718.87
Second Resistance: ₹721.08
Third Resistance: ₹723.52
These levels are calculated based on the price range of the previous trading day.
sbi cards & paymentsthis stock is having a symmetrical triangle pattern breakout above 740. now it is trading at 760. go grab it or else it will fly...
SBICARD: Preparing for a breakoutSBICARD: LONG TERM INVESTMENT IDEA: Stock listed during corona-crisis and bottomed out in May-2020. After that stock gave a decent return in next one year and made a high of 1165 in Sep'21 when Nifty peaked. From there stock corrected lower and again reached to the listing price range and started showing some early signs of reversal. The current prices action suggests that stock is looking good for new all time high. Buy and hold for long term perspective keeping SL of 600 (Clbs).
SBI Cards... Ready to break the trend line?Hello 👋
* Stock is in downtrend..
* Today it's moved 4 %
* Volumes increased since July.
* Triple bottom made in higher TF
* Stock must cross 795 & hold 830 level for upward direction. (Pivot points)
* Rsi also inclined.
* It's a good positional & long term bet.
It's my view. No buy or sell recommendation 🙏 Plz DYOA.
Thank you.
SBI Cards Chart AnalysisSBI card is chart analysis is here which is looking bullish. Here I’m sharing my view is only for educational purpose. Do your own reasearch before taking any investment decision.
SBICARD | Market Structure Break | Swing TradeChart Analysis
1) Market Structure Break after a long channel pattern Break.
2) Formation of double bottom pattern and followed by Market Structure Break
3) Long Channel Pattern breakout
sbi cards cautioncmp: 766
personally just watching this stock for educational purpose.
fundamentals are not great.
technically we may see bo/bd .
just under microscope to learn this stock for next 6 months.
SBICARD Looks good...SBICARD looks good for reversal in weekly chart.
Can Accumulate between 700-750 zone. Might reach channel upper line in coming years. Targets are given.
Stoploss for longtermInvestors is given.
Note : No idea about fundamentals. View is completely based on technical view of chart.
SBI Cards - Best Above 755 or when it falls to 680SBI Cards - Proxy to Consumption theme.
Major festivals are on the way, and this could do well.
Best Buy Above - 755 or If it falls to 680.
Stop Loss - 690
Disclaimer : Educational Content. Do your own research !!
SBICARDclosed above 200dma 727.82 with increased volume. is a credit card company and payment provider in India.
short sbicardat top of downtrend, above +2 standard deviation; sbicard loses credit card market share
Sbicard Daiky Chart AnalysisDaily Chart Pattern Looks promising.CMP@745
RSI Bullish
RS Bullish
Stock Crosses Preious Month High
Chart Pattern @ill Negate if Closes Below 715
Headed Towards 850-880
SBI Cards and Payments [Potential Swing]Since October 2021, SBI Cards and Payments has been on a downward trajectory, eventually finding support at 690. However, the weekly chart suggests the stock may be entering an accumulation phase. Since January 2024, the price has been fluctuating between a low of 690 and a high of 760, which could indicate consolidation as buyers gradually accumulate shares. Additionally, there has been a noticeable increase in trading volume since October 2023, suggesting growing interest in the stock.
From a technical perspective, the weekly MACD appears positive and is on the verge of gaining momentum, signaling a potential shift in market sentiment. The monthly MACD also reflects a steady decline in seller momentum, further indicating increasing buyer interest.
At this stage, only two resistance levels have been identified. A breakout and sustained movement above the second resistance level (R2) will be critical in confirming a stronger upward trend. If the stock successfully maintains levels above R2, further resistance levels will be marked, providing clearer targets for future price action.
Potential Risk :
The primary risk to the stock's upward trajectory is the possibility of a broader market correction.
Disclaimer :
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
short 200dma resistanceThe 200 dma is providing resistance on 1 day chart, the upward rally has been sharp, stock is in downtrend. This shows opportunity to short stock
