SBICARD
SBIC - FIRST TARGET MET SBIC - FIRST TARGET MET
BREAK ABOVE 565
and sustaining above 550
will open the way for 600 levels
SBICARD short RR 1:2.4Taking Short position on SBICARD
Target 517 SL 567
Forming head and shoulder and with the breakout, it seems bearish.
SBICARD ShortCMP has broken 585 support and broken the trend line .
Short @CMP : 560
Target : 505
SL:586
sbi cardsbi card heavily down in last few day
good bounce back 500 to 590
now seen some resistance if cls or sustain abv 590 more upside seen
SBICARD - BREAKOUT SETUPOn hourly chart stock started to form higher high formation, and rsi is also well aligned the price, suggestion price up move is fueled by the good momentum.
So everything as of now looks good on the charts , and any breakout above the trend-line would possibly lead a good move in the stock and stock could be seen reversing the down trend its being seeing since listing.
This trade has great risk reward ratio.
So always plan ahead and reap the profits.
Do not follow blindly, please do your own research.
SBICARD - Target Achieved Stock almost did the target in the early trading session, high made was 596.35
The current rally was a pullback and
now its time to draw a new trend-line to spot the reversal in the stock.
New support levels are 540 545 ( previous resistance turned support)
Stock can spot the Resistance near new down sloping trend-line and further resistance will remain same as before i.e 580-600.
I find this stock as the most easiest stock to trade, respecting most of the levels identified beforehand.
Someone rightly said opportunity meets the prepared mind.
