SBICARD looking good at current levelAfter breakout in SBICARD it has retested the breakout level, now expecting it to give good upside move in upcoming days
SBICARD trade ideas
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.
SBI Cards Celar Bottom BuySBI cards is at bottom with a positive candle clearly breaking the channel with a positive upward movement confirmed, forming triangle pattern in yearly format
Just A View - SBICARD📊 Script: SBICARD
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near it's support level.
📈 We may see some good rally into this stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 730
🟢 Target 🎯🏆 - 778
⚠️ Stoploss ☠️🚫 - 712
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SBICARD: Technical Outlook, Breakout & Elliott waves AnalysisCurrent Zoomed view
Daily MACD turned Positive
Trishul Activated in RK-Brahmastra 4Hourly
Breakout
Elliott Wave Analysis of SBICARD (SBICARD)
Overall View
Zoomed View
Overview:
SBICARD has displayed a promising Elliott Wave setup, indicating the potential unfolding of a bullish wave cycle. Recent breakout movements, supported by strong volumes and positive divergences across multiple time frames, suggest a bullish bias. With various technical indicators signaling bullish momentum, the stock appears poised for further upside. However, it's crucial to exercise caution and implement proper risk management strategies.
Detailed Analysis:
Wave Cycle Completion:
On the weekly chart, SBICARD seems to have completed a larger degree wave cycle, consisting of Wave ((1)) and Wave ((2)). This suggests a significant bullish trend underway.
Current Wave Structure:
Presently, the stock appears to be in Wave ((3)), which is typically the strongest and longest wave in Elliott Wave theory.
Within Wave ((3)), we have likely completed one lower degree Wave (1) and Wave (2), indicating the initiation of a new bullish impulse.
Positive Divergences and Breakout:
Multi-time frame positive divergences, combined with a breakout accompanied by substantial volume, support the bullish bias.
Both trend indicators and oscillators across various time frames align with the bullish sentiment, providing further confirmation.
Bullish Signals:
The activation of both Brahmastra and Trishul on the RK-Brahmastra indicator, along with all green signals, indicate strong bullish momentum.
The current price action suggests the unfolding of Wave iii of (i) of ((i)) of 1 of (3), highlighting the potential for significant upward movement.
Price Targets:
If the wave counts align perfectly, SBICARD could target levels near 1050 (Equality of Wave (1)) and 1278 (1.618 Extension of Wave (1)).
Strength above 790 levels could further bolster the bullish outlook.
Risk Management:
It's essential to note the invalidation level at 655 on the lower side. A breach of this level would indicate a potential deviation from the expected wave counts and warrant a reassessment of the bullish scenario.
Traders and investors should prioritize risk management and employ appropriate stop-loss strategies to mitigate potential losses.
Educational Disclaimer:
This analysis is provided for educational purposes only and should not be construed as trading advice or tips. Traders should conduct their own research and consult with financial professionals before making any investment decisions. Proper risk management is crucial in trading, and investors should be aware of the inherent risks involved in the financial markets.
Conclusion:
SBICARD presents an intriguing Elliott Wave setup, indicating the potential for a bullish wave cycle. Positive technical signals, along with strong volume breakout movements, support the bullish bias. However, traders should exercise caution, adhere to risk management principles, and remain vigilant for any changes in the market dynamics.
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.
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
SBICARD made Bullish Bat PAttern And SemiTringle PatternSBICARD made Bat PAttern fo Swing Trade
Buy Above 785
Target 820, 890, 930, 1050
SL 680
And SemiTringle Pattern For Positional Trade
Buy Target 930, 1050
SBI CARD ready for swing - keep in watchlistSBI card in down channel, but prepared to come out from downtrend
Buy above 745
for tgt of 6 to 10% move from 745 levels
keep stop loss of 730 on day close basis, once it crosses 745 levels
SBICARD : Anticipating a Breakout
SBICARD appears to be on the verge of breaking out on its daily resistance line after a bullish move from ₹699 to ₹933. Following a correction, the price has formed a 12345 wave pattern and is now bouncing back from its support on the daily chart. This indicates potential for a breakout above the resistance trend line.
However, if the price fails to break this trend line, it may retreat to its ideal buying zone of ₹664 – ₹630, where demand is expected to increase after clearing supply. This could lead to a new bullish run for the stock.
For investment purposes, a buying call is anticipated with a stop loss at ₹630. Upon breaking out above the resistance trend line, the price target ranges from ₹813 to ₹800, with a possible retracement to ₹750 before continuing higher. Eventually, the stock may aim for targets of ₹963 – ₹996 after forming suitable price action.
In the event that the price fails to hold the ₹664 – ₹630 level, which represents a golden zone for profit booking by sellers, it would indicate a lack of buyer interest in the stock.
📊📉 **Disclaimer:** This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult a financial advisor before making any investment decisions.
Good Support Level in $NSE:SBICARD Dear Traders,
I hope this message finds you well. I am reaching out to provide you with a crucial update regarding our particularly concerning NSE:SBICARD
After thorough analysis and consideration of market trends and stock performance indicators, we have identified an opportune entry point for initiating a Buy position.
The entry level for initiating a Buy position is set at 720-730 , Stop Loss 690, Target 760, 780 . We believe this price point presents a favourable opportunity to capitalize on potential upward movements in the stock's value.
Fundamental Points To be Considered-
1) Company has sufficient cash reserves to pay off its contingent liabilities.
2) Company's annual revenue growth of 26.4% outperformed its 3 year CAGR of 13.43%.
It's important to note that involves inherent risks, and as such, we recommend exercising caution and conducting your own due diligence before making any investment decisions.
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.
VALUE in SBI CardsSince the past three years, business profits have been on a rise, whereas the stock has delivered negative returns. The stock is considerably cooled off and a new rally is awaited.
I encourage you to study these developments and keep in mind that any decision involving financial consideration will be completely at your own risk. This post, like all others on my channel are for educational purposes only.
MOMENTUM PENDING IN SBI CARDSLong term Trendline broken
Consolidation in Range on Daily TF since 7th Dec
Consolidation near buyers Zone when we see data for past few months
SBICARDNSE:SBICARD
Sbi card & Payment
Rsi >52
Forming Triangle Pattern
Buy can Initiate above 785
Stop Loss- 743
Target- 812/840/905/930
Showing Contraction
Wait for Breakout
SBICARD- AnalysisSBICARD- Analysis
Buy Above :- 770
Investment Stoploss - 661 to 685
Few targets to Monitor
824, 855, 909, 976+
Please comment if you wish to see my analysis for any stocks.
Please do your due diligence before trading or investment.
Thank you.
SBICARDS - Elliott Wave CountSBICARDS - Elliott Wave Count
SBICARDS - the market the breaks the recent support and expected to decline up to 740 or below. we can expect a reversal from the bottom TL.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading
NSE:SBICARD1! BSE:SCPL1! NSE:SBICARD BSE:SBICARD
SBICARDStock trading in a parallel channel.
TARGET 950
SL below 740
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
SBICARD UPMOVESBI CARDS AND PAYMENTS . Market Sustain in Higher Low Level. Good channel Patterm formation. Wait for breakout .
SBI card Medium to Long Term There is clear support which is certainly consistent. Fundamental are goods and Technical support shows a good buy opportunity for medium to long term.
Invest as per your risk. Might consolidate more but surely a good opportunity.
SBICARD Daily timeframe analysis for long term
NSE:SBICARD has taken strong bounce from demand zone and about to breakout trendline.
we can see long term move above 788 , can buy above 774 with SL of 750.
Major targets levels are highlighted in blue lines
