SBICARDS at Resistance @ 769, Rally Ahead !!
SBICARDs is facing resistance at all time high of 769. if it manages to close above this it can rally upto 8% from this 769 level. if you observe the chart it is making higher high's. if you divide rally percentage with previous leg rally it is in the range of 1.25-1.4. it may rally between 8.5%-9.6% from 769 levels. expecting 834-844 level in this rally.
Before that have a look at today's results of SBICARD. if results not looks good you may exit here. today's pull back suggests upcoming rally.
12/1.4 = 8.5%
12/1.25 = 9.6%
Before that have a look at today's results of SBICARD. if results not looks good you may exit here. today's pull back suggests upcoming rally.
12/1.4 = 8.5%
12/1.25 = 9.6%
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