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SBICARD

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.
NSE:SBICARDLong
by AdityaKarn90
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.
NSE:SBICARD
by manuagarwal21
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.
NSE:SBICARDLong
by AdityaKarn90
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 ---------------------------------------------------------- Support : 727 and 705 or 20EMA Breakdown : 739 LTP : 751 Breakout : 763 Short Target : 769 and 788 ---------------------------------------------------------- Positive & Negative Point: 1) bullish in Daily/Weekly/monthly chart 2) Close within 52-week high ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)
NSE:SBICARDShort
by singajai
SBI CARD - Time to take pauseSBI Card Formed Bat Pattern on the daily chart with a precise prz in the area of 740 . This Pattern possessed three levels in tight zone of 735 - 742. The Bat is the most common and precise pattern and requires a smaller stop loss than other patterns.The 0.886 XA retracement is the most critical level in the Bearish Bat pattern. I Always wait for the entire PRZ range to be tested to validate the completion of the pattern, though it delays the execution process, but the trade you take then won't test much of your patience. Note : BC swing slightly exceeded the A Point , so its not a perfect Bat pattern, but i am considering it as a Bat pattern, because of the close alignment of various Fibonacci ratios in the prz area..So Slight adjustment/leeway is allowed in the real trading world.
NSE:SBICARDEducation
by manuagarwal21
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