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SBICARD : Towards ending correctionSBI Cards (SBICARD) Analysis Wave Count: Completion of a 5-wave corrective structure, with Wave 5 ending near the liquidity sweep zone at ₹668.75 (golden Fibonacci retracement zone). Key Levels: First Target: ₹738.00 Second Target: ₹783.00 Stop Loss: ₹650.70 (on a daily close basis) Trend Indicators: Price is below the 100-SMMA, signaling bearish pressure. A break above this moving average would confirm bullish momentum. Trading Plan Entry Zone: Around ₹675.05 (near the completion of Wave 5). Confirmation Criteria: A strong bullish candle with above-average volume breaking and closing above ₹685. Stop Loss: ₹650.70 (on a daily close basis). Targets: First Target: ₹738.00 Second Target: ₹783.00 Risk-Reward Ratio: Favorable for entries near ₹675, with potential upside toward ₹783.
NSE:SBICARDLong
by LiveTradingBox
SBI Cards Stock AnalysisAnalysis of SBI Cards Stock Idea Current Price: ₹697.40 Technical Overview: * Double Bottom pattern with breakout. Target Levels: * ₹850 (initial) * ₹1,000 (extended) * ₹1,100 (ultimate) * Strong support around ₹650-₹700 from breakout zone. Fundamentals: * Leading credit card issuer in India with strong revenue and profit growth. * Positioned to benefit from growing digital payment adoption in India. * Key risks include exposure to credit defaults, but SBI backing mitigates risk. This could be a solid opportunity if the trend holds. Join Now: buff.ly
NSE:SBICARDLong
by TheWealthyInvestorbyDSAB
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement. Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend. Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation. Target - 790 // 855 // 935 Stoploss - weekly close below 670 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:SBICARDLong
by Visionary_Growth_Insights
4
Spotting the Trend: The Birth of Wave 3Technical Analysis Using Elliott Wave Principles on exampled chart of SBI Cards (Daily Time Frame) This analysis is for educational purposes only and is not intended as financial or trading advice. Market movements are inherently uncertain, and the analysis is based on one possible interpretation of the Elliott Wave structure. Please consult a financial advisor before making any trading or investment decisions. Introduction to Elliott Wave Principles: Elliott Wave Theory is an analytical framework that helps traders and investors understand market psychology through price movement patterns. The theory suggests that market prices unfold in waves, which are driven by collective investor behavior. The patterns consist of five waves in the direction of the main trend, followed by three corrective waves. Understanding these wave patterns allows us to anticipate future price movements with greater accuracy. Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. Current Elliott Wave Analysis on SBI Cards Wave Structure Overview: - The analysis focuses on the daily time frame of SBI Cards, where we can identify a completed corrective pattern and the beginning of a new impulsive wave structure. Wave Count Details: 1. Primary Count: - The chart indicates the possible completion of Wave ((2)) in black, marked by a complex corrective structure, ending near the 493.30 level. - The price has likely begun unfolding Wave ((i)) of Wave 1 in red of the larger Wave ((3)) in black. 2. Current Daily Structure: - Wave ((2)) seems to have completed with a three-wave corrective move, labeled as A-B-C. The final wave C (marked in red) appears to have ended at 493.30, representing the termination point of Wave ((2)). - Following this, the initial sub-waves of Wave 1 (red) have begun forming, with Wave ((i)) currently unfolding. - The nearest Invalidation Level for this wave count is 647.95. A break below this level would invalidate the current count, requiring a re-evaluation. Wave ((3)) Characteristics and Projections: - Wave ((3)) Characteristics: As per Elliott Wave Theory, Wave ((3)) is often the most dynamic and extended wave, reflecting strong momentum in the direction of the main trend. It’s typically the longest and most powerful of the impulsive waves, often reaching or surpassing the 1.618 Fibonacci extension of Wave ((1)). - Target Levels: For Wave ((3)) in black, potential targets could be calculated using Fibonacci extensions from Wave ((1)) & ((2)), projecting prices towards 161.80%, hear possibility for short to medium term could be 960.00 and beyond if Invalidation level is not Triggered, depending on the strength of the momentum. - Invalidation Level: If the price drops below 647.95, it would invalidate the current wave count, indicating that Wave ((2)) may still be in progress or that an alternative structure is developing. Conclusion: The analysis suggests that SBI Cards may have completed a major corrective wave and is now in the early stages of a new impulsive sequence. The focus should be on the development of Wave ((3)) in black, which has the potential to drive prices significantly higher if the wave count holds true. As always, this educational analysis is not intended as trading advice, and one should consult with a financial advisor before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBICARDEducation
by RK_Chaarts
7
Sbi cards and payment looks goodSo for last few quarters and months, we have seen sbi cards in consolidation or with no big move And today rbi have announced its monetary policy And there are high possibility there is something good coming out for this sector And that can be seen by the stock movement In last two days, this stock have shown a good move from bottom levels. As you can see, it is at a very low level in last few years. And we are expecting this stock to give a good move in coming days . A complete analysis on sbi cards is available@ YT RBI monetary policy: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), responsible for determining the nation's monetary policy and influencing borrowing rates, is gearing up for its policy announcement on April 5, 2024.
NSE:SBICARDLong
by Mohit_T
SBI CARDS - undervalued?SBI CARDS is currently at it's lowest ever P/E. It is trading at 28.5 P/E while its lifetime median P/E is 54.4. It is constantly posting good revenue and profit which makes it a very highly undervalued company at its present price and P/E. It can be considered a good buy for both short and long term. Trade can also be taken on the basis on range bound trading strategy with range being 686 to 926 and it can give approximately 30% return from present levels. The target will be achieved within 150 days at max. Hope you like my analysis. Please do your own analysis before investing. Do like and follow. Thank you
NSE:SBICARDLong
by ronak16125