SBICARD
SBICARD : triangle patternSBICARD trading inside triangle patter in hour chart.
follow Support & resistance line.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"
#SILINV #BAJFINANCE #BAJAJFINSV #HDFCAMC #CHOLAFIN #SBICARD #NSE
#SILINV
NSE:SILINV
CMP: 347
TP: 435
SL: 300
TF: <6m
RR > 1.8 times
Return 25%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
SBICARDS best positional buy setupAs per my analysis NSE:SBICARD is now getting ready to get reversal.
My positional buying entry will be level of 830, keep stop loss on 790 and hold till big targets which are 908 & 1007. This could be best risk and reward positional trade.
Note: This is my personal analysis, only for learning.
Thanks.
SBIC - Resisting 800 levelsSbi card is moving with lower highs and lower lows formation since August 2021.
The stock has broken its important support levels around 800 and is resisting it for the past two weeks.
This week it opened with the gap on the downside and saw follow-up weakness.
Going ahead, the 770- 800 zone would act as a strong resistance for the stock and we could also see it moving towards 600 levels in the coming months, considering its weak price structure.
SBI CARD Head and Shoulder pattern SBICARD Continuous contract 1 formed bearish head and shoulder pattern. Sell if the trend line breaks or neckline breaks. Target 800 and sl 890
Safe traders sell once neckline breaks. risky traders take sell trend line breaks
Safe trader sell below 840.
risky trader sell below 853.
sl 890 target 800
trade your own risk. good luck all.
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*