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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

In-depth for SBI CARD.Short TERM Trading Idea SBI CARD, India's largest lender of credit card listed thier IPO in March, which turned out to be a nightmare for investor's. SBI even started rolling loans for SBI customers so that they can get the IPO at a loan which profits both consumer at LONGER term and gain bank the interest. There was a reason behind the fall of SBI card. Few of them which i feel is 1. Due to Corona Pandemic 2. Due to Moratorium on Loans, investors thought bruised everyone that what will bank do if credit card owners dont pay thier bills? 3. Some purposely took out to get the easy loan cashed by IPO for thier personal use 4. Some got out for frustration. Now why SBI CARD looks delicious for me, here it is why 1. SBIC will not go up unless big players put up thier money here. So BIG PLAYERS ACCUMULATION = PROFIT FOR RETAILER's 2. SBIC will perform tremendously once accumulation is done. The chart is in front of you, follow the charts. If you are a new buyer, please accumulate at levels of 500. If you have 1Lakh Capital, keep 10% of that at every levels Like 10% on 500 5% on 450 10% on 400 and so on. Target levels 1120
NSE:SBICARD
by UnknownUnicorn4419591
6
SBI CARD ( Major Move under threshold )SBI cards under major consolidation Move hits lower at 500 Rs in last three days given good break out today and yesterday and now consolidation in the range. As per govt orders the partial lock down will start from 20th April 2020, starting all E commerce Companies which are majorly run on the credit card payments Mean Customer can purchase on line orders from different E commerce Companies involving buying of different products and segments through digital payments as major payment interface Credit Card being a Major role player in the Digital payments and EMI Transactions SBI card is the one or biggest player having majorly shareholding in the credit card segment, also only listed company in the stock market Stocks Hits the lower on Monday 13th April and now rising above and planning to create higher tops and Higher Bottoms. If the same patterns goes on the and does not break down at levels below Rs 500 the stock can hit Rs 600 easily in coming week . Also This Stock is an Accumulation Stock at lower levels can yield greater returns in the long run . Stock is under running down ward channel ADX is at 21 is ADX increases greater than 30 can expect a big long run Break Out Point at 570-580 levels to break the downward channel
NSE:SBICARDEducation
by Ashhish-Chhabra
3