SBICARD giving breakout at 1140 in the monthly chart. SL is 883 closing basis
The stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
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.
SBICARD has seen a remarkable rally from 500 levels to 1100 levels in the past 1 year. Currently, we are seeing some correction in the stock. The monthly and weekly structure is still positive, though it looks weak on the daily chart and the current price action also indicates that this correction can extend a little more. Important support that Weekly and...
SBI Cards is inside a triangle pattern.
After 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.
#SBICARD reported net profit of Rs 346 crore in April-June quarter. Today stock touched previous all time high and face resistance on same level and closed red with near doji candle. Stock is moving under channel. Can reverse to support trendline from above in case of profit booking from overbought zone. Showing Bullish result in Technical Parameter: CCI iin...
GLENMARK - DEMAND AND SUPPLY ZONE
On 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...