SBICard - Good Long Opportunity

The stock has experienced a downturn following the introduction of new regulations. However, notable developments in its price action indicate potential for recovery:

The stock showed signs of a rebound in the last day, evidenced by a significant selling wick, which suggests heavy buying activity at the demand zone.
It managed to close above its low on 30th October, a point where substantial buying was previously observed.
Based on these observations, levels have been identified for two potential trading opportunities.
The trend line is acting as a resitance, it can give a decent return once it crosses above

Note: This analysis reflects my personal opinion and should not be taken as professional financial advice.

Trade active

Target 1 Achieved. Target 2 is on. One can bring SL to c2c or latest swing low.

Trade closed: target reached

Trade closed

Trading_Forever1234

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