My View: The script will go down once and will take support at the lower trend line and whenever it will cross the upper level it will take support one time and later IT WILL ROCKET. Buy Level: 867 (After support) Target: 950 SL: 840
Looks good for another 8-10 % upmove. 938-942 is the support zone . Holding 909 on daily closing basis is crucial. Disc : it's not an investment advise to buy or sell
Stock is into the narrow range consolidation and ready for breakout. Any breakout on the upside leads to 900+ target. Fundamentally good company
Breakout given and now pullback in sbi card buy above 868 Target 900 Sl 838
Ascending Triangle forming on Daily Chart of SBICARDS. Trendline Support at 820, 795 & 770. Triangle Breakout at 865. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
If the resistance is broken we can see an up movement and there by creating new higher high for the stock in uptrend. Since this is an symmetric triangle there can be a chance for break down also, so trades should be taken only after closing above resistance with volume. Being a fundamentally good stock it can give good return but holding period might be...
SBI Cards, a 9 momth old stock in market, made a new high in August (18 Aug) and then given close below 800 on only 7 days till today. So 798-800 has become very much strong support. The stock is seemed in a channel, now attempting to break it. As n When daily close is above 855-860, stock may give good upside. First target 920, eventually leading to 1000-1020.
DISCLAIMER : . I am not a SEBI Registered analyst. All chart analysis I publish are educational and information purposes only
Once the price 865 is crossed, the stock can go up to 900 & above. Note : I am not taking any trade from the this idea & its only for the learning purpose.
Hold for targets of 900. SBI cards forming an upside pattern. follow strict stop loss of 820. trend line support is 820. it's a free fall below 820.
SBI Card is good buy from support and demand zone
Buying Opportunity 800 is last swing low so it can be considered as a strong support The next support is 784 where It has already bounced back 5 times earlier 864 is a strong resistance for it, so one can look for profit booking here