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SBI CARDS & PAY SER LTDSBI CARDS & PAY SER LTDSBI CARDS & PAY SER LTD

SBI CARDS & PAY SER LTD

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SBICARD trade ideas

SBI Cards Nearing it's 52-Week Low🤯: Here’s What’s Happening!SBI Cards, one of the leading credit card issuers in India, has been on a downward spiral lately. It has fallen near its 52-week low and is trading at a discount to its peers. What’s behind this slump? Let’s find out! The economic environment is not favorable for credit card companies, as rising inflation and interest rates are dampening consumer spending and increasing defaults. The financial sector is under pressure from regulatory changes, such as the RBI’s revised risk weight norms, which will increase the capital requirements and borrowing costs for unsecured lenders like SBI Cards. The technical indicators are showing a bearish trend, with SBI Cards breaking below key support levels and entering oversold territory. This could indicate further downside potential or a possible reversal, depending on the market sentiment. The peer comparison is not flattering for SBI Cards, as it is lagging behind its competitors in terms of growth, profitability, and valuation. SBI Cards has a lower market share, higher cost-to-income ratio, and lower return on assets than its peers. So, what’s your take? Is this a buying opportunity or a value trap? Do you think SBI Cards can bounce back or will it continue to slide? Share your thoughts in the comments below!
NSE:SBICARD
by FYERS
2
SBICARD (Simple but Strong Price Action)SBICARD on weekly Chart showing simple but Strong Price Action. RSI approaching 30 (Oversold Zone). Its near Major Support Zone of 650 to 712 - already bounced up 6 times from this zone. Wait for RSI trendline Resistance Breakout Marked with Red line for Breakout Trade. Also wait for Channel Upper Trendline Breakout marked in red for Breakout Trade. For Support Zone based trade keep accumulating between 650 to 712 with Stoploss 618. Resistance Zones will act as Targrets. Swing Target 765. Positional Targets 835-855-945-970. Long Term Target 1150 to 1300. So are you ready for 7th Bounce up & Breakout ? This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered. Happy Trading :-)
NSE:SBICARDLong
by MasterTrader1949X
2
Positional_ SBI Cards1. 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 informational and educational purposes. I already have open positions which will be squared-off after target is met.
NSE:SBICARDLong
by UnknownUnicorn7637383
SBI Cards; Bullish viewGot 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 "doubled". Fundamentally it looks attractive: 1. Reduction in competition: HDFC bank being restricted to issue new credit cards 2. It is 2nd Largest issuer of credit cards in India 3. 41% CAGR for previous 4 years in PBT (Profit Before Tax) I've shared my view, but please do your own analysis.
NSE:SBICARDLong
by UnknownUnicorn7637383