Analysis of SBI Cards Stock Idea
Current Price: ₹697.40
Technical Overview:
* Double Bottom pattern with breakout.
Target Levels:
* ₹850 (initial)
* ₹1,000 (extended)
* ₹1,100 (ultimate)
* Strong support around ₹650-₹700 from breakout zone.
Fundamentals:
* Leading credit card issuer in India with strong revenue and profit growth.
* Positioned to benefit from growing digital payment adoption in India.
* Key risks include exposure to credit defaults, but SBI backing mitigates risk.
This could be a solid opportunity if the trend holds.
Join Now: buff.ly/3Aul3pI
Current Price: ₹697.40
Technical Overview:
* Double Bottom pattern with breakout.
Target Levels:
* ₹850 (initial)
* ₹1,000 (extended)
* ₹1,100 (ultimate)
* Strong support around ₹650-₹700 from breakout zone.
Fundamentals:
* Leading credit card issuer in India with strong revenue and profit growth.
* Positioned to benefit from growing digital payment adoption in India.
* Key risks include exposure to credit defaults, but SBI backing mitigates risk.
This could be a solid opportunity if the trend holds.
Join Now: buff.ly/3Aul3pI
DSAB Finserve
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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.
DSAB Finserve
Related publications
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.