SBI Cards-Buy around 920 to 940Buy around 920 to 940
Stop Loss 875
Target: 990 // 1029 // 1059 // 1090
Do your due diligence this is not investment advise
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SBICARD
SBICARD : Buying at the current levelsThe current issues related to Carlyle arm selling stake, is not a major concern for the overall growth of the stock. This is just a temporary issue and I see this as an opportunity to buy. Will be adding on if price dips to the other two inflection points mentioned herein. Will be selling only when price reaches the top of the channel line.
Good supply on weekly chart of SBICARD.NSE:SBICARD
Good supply visible on weekly chart of SBICARD which may lead stock to move down toward 918 and 765. Any closing below last weeks low on daily chart will be good confirmation for same.
this view will be invalid if we see closing above 1105.
Bullish on SBI card- Cup & Handle pattern
- Above short & long term moving averages
- Target 1290-1300
SBICARD Trending up towards 1100 levelsSBIC card has come into motion and is probably moving towards 1080- 1100 levels,
Please refer to the previous post of sbic, linked here.
SBICARD consolidating at imp levelsOn 6the May 2021, the stock saw a gap up opening, followed by a big bull candle, which further followed by sideways move same and next trading day, i.e today.
Seeing this price action, if the price sustains 970 levels, it could head towards 1040 and 1080 levels in the very near term.
SBICARD - Morning Star at support level - Short Term swingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic, Entry range, SL are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
SBICARD IMPORTANT LEVELS FOR BUYINGSBICARD has seen a remarkable rally from 500 levels to 1100 levels in the past 1 year.
Currently, we are seeing some correction in the stock.
The monthly and weekly structure is still positive, though it looks weak on the daily chart and the current price action also indicates that this correction can extend a little more.
Important support that Weekly and daily chart gives around 850 levels.
And the major support levels come around 799 - 670, which you can say lifeline support.
So keep an eye on the stock and grab the opportunity when stock presents it to you.
Trade/Invest at your own risk.
Possible continuation of SBI card break outLooks good in continuously following the initial trendline.
SBICARD - Ascending Triangle pattern - Short term swing tradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
SBICARD_educational viewIf SBICARD consistently maintains 855 level (within 1-2% error band), then breakout possible before 05/01/2021 and shall achieve midterm target of 1050 (on or before 15/01/2021)
Immediate Support at 805
Strong Support at 782
For this period, 16-12-2020 to 05-01-2021, 820-856 would acts as support line.
Only an educational view
SBICARD TUG OF WARSBICARD is on tug of war between Bulls and Bear. It is forming Triangle Pattern therefore if it breaks upper trend line one can go for Long, however, if it is being controlled by bear they can shed it upto lower trendline. If it comes in control of bears they can further shed it to 760-755 where it can consolidate further for fresh upside. As of now no steam is being shown by it hence we are looking for price to kiss lower trendline.
SBI Cards | BUYAfter responding positively to the support ₹756, the stock has been continuing its upward movement. It has risen over ₹800, which has now become a support level for the stock. Expect the price to rally further and hit fresh highs.
SBI CARDS & PAYMENTA Cup and Handle pattern on the chart and the handle breakout is awaited.
Above 800 it could be explosive.
RSI is at attractive levels
SBI CARDS READY FOR BIG MOVEMaking a CUP & HANDLE.
Its overbought, a correction is expected.
Sell for a target of 720 and 680. 2-4 weeks.
sbi cardSBI Card is a stock which is in a very good uptrend and if it breaks this Lvl it will just rock. cant give much of targets as it has no previous levels but yeah looks good for long term as well as short-term . will retrace a bit for now to maybe around 768 or 745. a good level for buying. #my_opinion #learner
SBI CARD - net profit Rs 346 crore in April-June quarter - Level#SBICARD reported net profit of Rs 346 crore in April-June quarter. Today stock touched previous all time high and face resistance on same level and closed red with near doji candle. Stock is moving under channel. Can reverse to support trendline from above in case of profit booking from overbought zone.
Showing Bullish result in Technical Parameter:
CCI iin overbought zone
MACD is treading UP above 0
RSI in overbought zone
Stoch in overbought zone
MFI is above 80
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Support : 727 and 705 or 20EMA
Breakdown : 739
LTP : 751
Breakout : 763
Short Target : 769 and 788
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Positive & Negative Point:
1) bullish in Daily/Weekly/monthly chart
2) Close within 52-week high
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(Disclaimer: This is only for educational purpose and paper treading.)
SBI CARD buy @712~722, target 790~810SBI CARD buy @712~722, target 790~810
SBI card will come down from present selling point 765~770 to 712~722 range, once can buy in this range with stop loss 700 and can have target 790~810.
SBICARDDo not buy immediate at breakout, wait for price action, look at the chart these kind of forms might be created !!
