Swing Idea: Accumulation Phase
Near support zone/accumulation zone.
Currently in down trend.
Making a falling wedge pattern near support.
Note: This is just for analysis purpose, please do your own research before punching any orders.
Hi All - good opportunity for swing trade on long side for SBICARD.
Key Highlights:
1. Consolidating in Range, go long on breakout
2. Bouncing off key fib retracement level
3. Bouncing off with good volume
1. SBI Card has formed Cup and Handle Pattern.
2. I am expecting a breakout again after a RETEST.
3. SL, Entry and Target to be posted afterwards.
Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for...
Got these shares in the IPO; added some more at Rs 515
Now the share has retested it's weekly support (which was pending). I am expecting a great journey on the long side (of course it'll take time).
New entry not suggested; "Hold" for the person already have this. I promised myself that I won't exit this stock until and unless my money is...
NSE:SBICARD Time to SIP SBI Card for long term wealth generation.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Not so perfect but ABCD pattern is finished and now it is a buying opportunity above 796 with targets of 806.50, 815, 823, 849.50
Stop loss will be below 786 and once the T2 is reached it will be shifted to entry to safeguard the capital.
SBI Cards achieved highest ever figures in both revenue and profit. However, despite this strong performance, the stock opened with a 7% decline. After the initial four minutes of trading, the stock began to rise and eventually stabilized around the 750 level.
It appears that an operator may be accumulating the stock, as it is trading at its listing price since...
SBICARDS has fallen 35% from all time high.
On Chart it is forming symmetrical triangle pattern which is a bullish pattern.
It also taking support on Trend line and Fibb level.
For symmetric triangle and Fibb level is best combination. With this combo if Monthly candle break trendline and 0.5Fibb level we can expect an possible upmove.
...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric triangle
📌 Symbol/Asset: SBICARD
🔍 Description: Stock is around the support of symmetric triangle. We can see huge upside from here.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting...
NSE:SBICARD SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card launched in May 1998 by State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired stake in the company.
SBICARD gave BO of Bullish...
Watch these two red support lines drawn on the chart in conjunction with white trend line. Price is taking exact support here. 1H chart has shown its resilience to go down from here. Wait for the recovery for at least next two days.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. This is just for an...
The logis is as follows:
1) Last 3 weekly close was above the demand zone, 835.4 to 792.7.
2) 835.4 was very important pivot (Close of week 28-Nov-22 to 02-Dec-22), which was tested many times (8 times by the weekly candles) after the breakout in the week, (08-May-23 to 12-May-23)
NSE: SUVEN is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
SBICARD if sustain above 850 for the day, then take Long position.
Buy 850-855, SL 825-830.
NOTE: Please maintain good Risk to Rewards, as per your risk appetite.
