SBICARD 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.
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
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.
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
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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.
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...
SBICARD - 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
In SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly.
Targets for mid to...
SBI CARD is now available to us at very low price.
It broke a major support line and broke out failure.
A channel pattern is farmed as it descends.
This is a very strong demand zone where institutional players and big players are likely to enter.
If a daily candle closes above 710 we can look bullish from here.
First target@770
Second target@880
Stop...
SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.
📊 Script: SBICARD
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near it's support level.
📈 We may see some good rally into this stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 730
🟢 Target 🎯🏆 - 778
⚠️ Stoploss ☠️🚫 - 712
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new...
breakout from resistance level
trading below 200 moving average
relative strength line below zero line
which are not good symbol
can take a trade with stop loss of 670
which is 8% loss
trendline breakout with high volume and strong bullish candle
rsi bullish divergence with possible breakout
volume rising along with adx shows strength in stock
macd crossover also done now it is above zero line
keep in radar it can give decent in short term
