Long: SBI CardsClassic Pole & FLag pattern on Daily Chart, on the verge of Break out,
Should go higher once the stock breaks the upper line...Immediate Target Should be 980 and thereafter stock can attempt for 1000 on positional basis
SBICARD trade ideas
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 Card - Intraday / Swing Trade SetupSBI Card CMP - 807.25
Looking bullish in weekly time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Sell at or below - 805 - 803 / Stop Loss 820
Target 1 - 800
Target 2 - 795
Target 3 – 790 / 785
Note: This is my view and for educational purpose only.
SBI Cards - Anchored VWAP had told the story much beforeSBI Cards - If one had plotted the AVWAP at its Peak and followed for few days, there were enough signals to EXIT. Red candles with Volume were the definitely ones.
DIsc: Not a SEBI registered. I post charts for self study.
SBICARD NSE Breaking Out of Triangle with Good VolumeSBI Card is breaking out of Triangle with good volume, The candle being formed is bullish belt hold, if it holds this position by EOD, Good Buying opportunity with SL of 867.
Disclaimer:
No Liability
Trade at Own Risk
For Educational Purpose Only
#SBICardsSBI Cards is bullish in higher time frame after Breaking ATH. Though it still hasn't gave a good move.
We can see a raw ATP in 75M TF. We can expect a decent move once it Breaks the TL.
SBI CARD For Short TermStock is moving on HH & HL pattern. Going to Break Latest High, which will be our entry point.
SBICARD -- LOOKS GOOD FOR UPSIDE MOVESBICARD is in up move making higher high and higher low with following proper road as per the trendiness .Expecting it to move up very soon ..
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
