CompoundingGain

SBICARD - Hope the bag holders reloaded their bags

Long
NSE:SBICARD   SBI CARDS & PAYMEN
Fairly new share ,broke out of its downtrend line possible retest and may dip till 528 .


BUY up till 528
Keeping my stop loss below that zone 517ish

Expect this to be a quick pump till 619 .

On the LTF the 7 & 21 day MA's are offering support around 536.25 so first bid is going to be there . Fairly confident this should play out lets see...

Long term i believe 731 and beyond ....

IF SBI's baby SBICARD can fold what chance does the economy have?

Comment:
Beautiful weather ..launch successful :)

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