In the short term, the stock has resisted after a pullback..918 marks the strong support zone, below 918 one can go short with 1:2 risk: reward ratio. Shall update levels once triggered.
sbicard chart analysis only for study prupose chart analysis
An upside triangle pattern is being formed and SBICARDS is taking support on the bottom line at this point. If the resistance line breaks, It may give 10-15% upside breakout.
state bank india is going to rocket . bullish mood will continue
Chart Speaks for itself. Bullish all over, can add some at 20 DEMA/2-3 day consolidation and add rest at breakout. SL 1000 mandatory. Do your DD before investing.
SBICARD giving breakout at 1140 in the monthly chart. SL is 883 closing basis
All info on the chart. Do your due diligence before investing.
Do your own research and analysis Just for education purpose only
Buy Above 993 Closing above daily candle - T1: 1031, T2: 1068, T3-1200 Sell Below 963 Closing below daily candle- T1: 933, T2: 894, T3-816 Guaranteed Target.
Buy around 920 to 940 Stop Loss 875 Target: 990 // 1029 // 1059 // 1090 Do your due diligence this is not investment advise Please follow me for more ideas and update
The current issues related to Carlyle arm selling stake, is not a major concern for the overall growth of the stock. This is just a temporary issue and I see this as an opportunity to buy. Will be adding on if price dips to the other two inflection points mentioned herein. Will be selling only when price reaches the top of the channel line.
At a very good position to buy. Target 1- 1045 Target 2-1090.
NSE:SBICARD Good supply visible on weekly chart of SBICARD which may lead stock to move down toward 918 and 765. Any closing below last weeks low on daily chart will be good confirmation for same. this view will be invalid if we see closing above 1105.
- Cup & Handle pattern - Above short & long term moving averages - Target 1290-1300
SBIC card has come into motion and is probably moving towards 1080- 1100 levels, Please refer to the previous post of sbic, linked here.
On 6the May 2021, the stock saw a gap up opening, followed by a big bull candle, which further followed by sideways move same and next trading day, i.e today. Seeing this price action, if the price sustains 970 levels, it could head towards 1040 and 1080 levels in the very near term.