#Nifty #USDINR DoubleBottom needs to breakout?SBI Cards is forming a double bottom . But requires breakout
The could take it to the swing top
SBICARD trade ideas
Soon SBI CARDS At 630s 20th March 2023
As per the pattern I have plotted in the chart. Highly likely to see SBI cards touching that bottom line around 600-630's
Then it might consolidate and take up a good run upside. So planning to take a call depending upon the candle behaviours at the bottom line.
Falling wedge pattern breakout in SBICARDSBICARD
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of Above 1030+.
SBICARDS Breakout soonsbicards a breakout soon stocks. Good buy above 766. targets mentioned in chart
SBI CARDS
NSE:SBICARD
The Stock has made multiple attempts to cross 50EMA, but has failed.
The 50EMA now stands arounf 764. If stock closes above 50EMA fresh buying momentum can be seen in the stock
SBICARDIn the Weekly Chart of SBICARD ,
we can see that, after breakdown, it gave an immediate bounce back.
Now its holding its position..
Plan and Go Long.
SBI Card to take long entry.Long SBI card above 780 after the BO of marked resistance line. The stock has traded at the area of value. Strong support has been taken by the stock. The bullish engulfing candle is also seen at the support level on the weekly chart. A higher probability that stock will bounce from this area for the next target of 850-900-915 with SL between 680-690. This is for your educational purpose only.
SBICARDIn the Weekly chart of SBICARD, we can see a recovery in W pattern.
We can go long in SBICARD & can be considered as a investment also.
Is SBI Card ready for the next strong upside ??NSE:SBICARD is performing better and better when we checkout the results. The script is fundamentally sound and the card business is on track. Investors can add positions at current levels i.e Rs. 715. A strong upmove or rebound expected in near term.
Targets:
Short Term: 775
Long Term: 900
QoQ Results were good
Script Available at lows
Growth and expansion in this business is huge
The idea shared is only for Educational Purpose.
Add your watchlist Add the SBI card to your watchlist
and watch
and wait
for a breakout to buy the stock.
SBI Card On Weekly Demand Zone New Study For Paper Trade
Buy SBI Card Near 770-780 (add more at 755-765)
StopLoss :740
Target : 840-900-970
Currently Sbi card is consolidated in one range and also box Pattern applied when box Pattern Break then perfect entry caught.
You can Also buy futures and call option after trend reversal confirmation.
Study Logic
👉 Weekly Demand Zone
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
A good reversal move - SBICARDSThis is not investment advise/recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
Descending broadening wedge pattern breakout in SBICARDSBICARD
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakout of Descending broadening wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of above 825+.
✅Can Go Long in this stock by placing a stop loss below 792-.
✅ breakout this can give risk:reward upto 1:8+
BULLS regaining momentum IN SBICARDS ??!!Chart patterns indicating bulls favour in sbicards !!
1. Major Channel pattern respected in weekly and daily time frame.
2. Another small channel pattern (1hr time frame) paves way for a F&O trade.
3. Entry only after a 1HR Breakout with VOLUME .
4. SL- 809 (better to consider 1 hr closing price).
5. Target levels mentioned in chart.(F&O - trail the stoploss).
6. We can expect it to go near 1000 levels soon.(Will update once this target is achieved)
Let's wait and watch!!!!
Note- Just Sharing my view....not a tip nor advice!!!!
BULLISH VIEW ON SBI CARDIn my perspective sbi card is going to be bullish. In the past year this stock have fallen by -18.90% and i think this is the right time to be bullish.
SBI Cards LongSBICARDS crossed 50SMA & 20SMA with a wedge pattern breakout on Hourly timeframe
Enter long trade above 804
SL- 795
T- 816
Down move to 800 possible ??!!Chart patterns providing us clues to go short!!!
Lets wait and watch!!!!
JUST FOR KNOWLEDGE!!!!
SBI CARD #SWINGTRADEPlease Rate my Analysis
Cup & Handle+Symatrical Pattern
Risk Reward
Entry-910/Tg-1200/300 Point
Sl-20 Point/ 20×100=2000/20×500=5000
300×100=30000
300×500=150000
SBICARD- Short Term :Bulls Counter attackSBICARD- Short Term :Bulls Counter attack , up trend as long as it sustains above 795 on closing basis. Potential targets - 887
SBI Card SHORT - So Wave E high did not get taken out all this while even though, hence Setup still valid
- A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high
- A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high
- Price did Wave i and then ii, and now iii on Downside has Started📉
Wave i= Wave iii equality comes at ~ 845🎯
Trade Plan as follows:
Short at CMP= 915.5
Downside Target Zone= 850 - 840
Stop Loss= above 940
SBICARD For Short (Intraday 7 oct)On daily level it is coming repeatedly at lower level. So as it is showing less buyers and more sellers so it can go downside. it has tested support multiple times and has made Descending triangle. Wait for breakout and study accordingly. Thank you !.
