Don't miss SBI Cards - short and long term entry triggered!
SBI Cards has fallen 240 rs from all time high and has hit an important support zone.
We can expect a sharp, quick reversal from here and a continuation of the unmove on breaking and sustaining above the trendline.
For the short term, the target is 946 with a SL at 868. Entry can be made on Monday depending on opening and checking the RR. However, even after hitting the target, it should be strictly trailed as we can expect 990 levels quickly if trendline is broken.
The stock can also be bought as an investment purpose, with a SL below 770 and targets of 1500. Holding period of one to three years.
*educational purposes only*
We can expect a sharp, quick reversal from here and a continuation of the unmove on breaking and sustaining above the trendline.
For the short term, the target is 946 with a SL at 868. Entry can be made on Monday depending on opening and checking the RR. However, even after hitting the target, it should be strictly trailed as we can expect 990 levels quickly if trendline is broken.
The stock can also be bought as an investment purpose, with a SL below 770 and targets of 1500. Holding period of one to three years.
*educational purposes only*
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