Sbi cards and payments is trading near its all time high resistance level. Trying to break this level on multiple times. Forming multiple rounding bottoms while testing this zone. Breakout and closing above this level can be good swing or positional opportunity. Follow strict risk management.
moving in an inverted ascending triangle pattern with flat trendline near 1155
and lower trendline supporting at every dip
entry - cmp-1090
stoploss - 1020
target - 1210,1300
BULLISH DIVERGENCE FOUND IN sbicard IN 15 MIN TIME FRAME.
The stock has not fallen much in the past few days despite the index being down by 300-400 points and the fact that it has tested its resistance quite a few times now shows that A good momentum is much awaited in this stock.
This stock is looking good to go long, please watch the analysis of sbi cards in this video to get all key levels along with stoploss and targets.
Disclaimer
i am not a sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
SBI Cards currently bouncing from a trend-line. Taking support 4 times from the trendline.
Latest 3 supports on trend line were with high volume bars. This shows that trendline is acting as a strong support.
Stock currently available at supports, hence SL will be lower.
Place SL at 868 levels
Targets 1370/1575
Everything explained in chart.
profit and loss can be as per your rr ratio.
there is chance of moving up and it might go wrong but probability of going up is more, it might retrace little bit.
please do analysis as per your knowledge.
I just hinted the stock.
Have a great day.
(+,-)feedback is welcome.
The stock has given a breakout of Ascending triangle/channel pattern.
Now we can expect a good move from here. Please do your own study for any trade.
SL - 1114
Positional Target can be 1165 & 1275.
Please do your own study before any trade. This is just my view and I may be wrong at any point in time.
SBI cards: stock is near breakout level, 1135 above good to enter for swing.
Also there is a flag pattern in daily time frame. Possible targets are 1198, 1210,1225+
Sl 1075
This is for educational purpose only. Please analyse yourself before taking entry.
SBI Cards consolidating near ATH, in a continuous zig-zag formation, RSI about to breakout, also about to enter in F&O segment from next series, looks good candidate for decent upside till 1400/1500 levels, SL 1010
NSE:SBICARD Simple Ascending triangle breakout pattern
Wait for the breakout. Keep an eye on volume. If breakout happens with good volume we can enter into the stock.
It has tested the resistance multiple times and can be a good buy. Buy above 1140, tgt 10%, SL 1100. For educational purpose only. Kindly contact your financial advisor before entering any trade.
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
SBI Cards & Payment Services Ltd. provides credit cards and payment solutions. It offers a credit card portfolio to individual and corporate clients. The firm also provides a co-brand credit card for doctors which offers medical professional liability insurance to cardholders. The company was founded in 1998 and is headquartered in Gurgaon, India.
NSE
![SBICARD: SBI Cards - 8mth VCP [Reading weekly Price-Volume Action]](https://s3.tradingview.com/k/KYMygj5t_mid.png "SBI Cards - 8mth VCP [Reading weekly Price-Volume Action]")
