Get started
SBI CARDS & PAY SER LTD
Long

SBICARD – Descending Triangle Breakout 920 to 1100+ Target

705
SBICARD has been trading within a descending triangle pattern for an extended period, with lower highs and a strong horizontal support. This pattern is typically bearish but can lead to bullish breakouts when resistance is breached, as seen in this case.

Breakout Confirmation & Key Levels
  • Resistance Breakout:
The stock has successfully broken above the descending trendline resistance, indicating a potential trend reversal.
  • Buying Zone:
Above ₹800 – A sustained move above this level confirms the breakout.
  • Stop-Loss Level:
Below ₹750 – Any close below this level could invalidate the bullish setup.
  • Target Levels:

Initial Target: ₹920+
Projected Target: ₹1100+ (based on pattern height projection)
TradZoo
Visit: bit.ly/tradzoopage

Join Us on Telegram For Regular Updates=>
t.me/tradzooIndex

Download TradZoo Android App => bit.ly/TradZooApp

Download TradZoo App For iOS =>
bit.ly/TradZoo-iOS-App
Also on:
breakouttradingDescending TriangleTechnical IndicatorslongsetupSBICARDsbicardanalysissbicardlongshorttermbullTechnical AnalysisTrend AnalysisTriangle

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
breakouttradingDescending TriangleTechnical IndicatorslongsetupSBICARDsbicardanalysissbicardlongshorttermbullTechnical AnalysisTrend AnalysisTriangle
TradZoo
Visit: bit.ly/tradzoopage

Join Us on Telegram For Regular Updates=>
t.me/tradzooIndex

Download TradZoo Android App => bit.ly/TradZooApp

Download TradZoo App For iOS =>
bit.ly/TradZoo-iOS-App
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.