SBI CARD – Breakout Watch | Trendline Resistance TestedSBICARD is currently at a crucial technical juncture. After a long consolidation and multiple rejections from a descending trendline (marked in grey), the stock is now attempting a decisive breakout on the weekly chart.
📊 Key Observations:
Price has broken above a multi-year trendline resistance. Strong bullish candle.
Breakout level around ₹860–₹870 — previously acting as supply zone.
Volume pickup supports the breakout strength.
Immediate target shown on chart is ₹1,065, which is ~22.78% potential upside from breakout.
🎯 What to Watch:
Sustained weekly close above ₹870 could confirm breakout.
Possible retest of breakout zone before next leg up.
Stop-loss for swing traders can be placed around ₹820.
📌 Disclaimer: Not a recommendation. Do your own research and risk management.
SBICARD trade ideas
SBICARDNSE:SBICARD
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Management and Risk Appetite.
Disclaimer :
>You are responsible for your profits and loss.
>The idea shared here is purely for Educational purpose.
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SBI CARD : Head &Shoulder Break Out in Hrly ChartSBI CARD:: Consolidated nicely and drifted towards 830 to form the head,From there could see it bouncing bk towards 850 and in the process formed Head&shoulder pattern in hourly chart.H&S Neckline break out stands at 850 sustaining above 850 see a TGT of 860 followed by 870(For educational purpose only)
SBI CARD 1WSBI Card is displaying a compact triangle breakout with elevated volumes, signalling a potential upward trajectory. Currently positioned around ₹859 on the weekly timeframe, the stock seems set to approach its all-time high
I am not a SEBI-registered analyst or investment advisor. The information shared is for educational and informational purposes only and should not be construed as financial or investment advice. Please conduct your own research or consult with a SEBI-registered professional before making any investment decisions. Trading and investing in the stock market involve risks, and you should invest only after careful consideration of your financial situation.
SBICARD...BuyGave a triangle breakout...clean one....triangle tgt calculated and posted on chart...time tgt is roughly end of 2025 ..around half of the time taken to make the triangle..these are rough estimates...Buy for long term OR for trading for traders ..I have put in 2x supertrend as trailing stoploss
SBICARD – Descending Triangle Breakout 920 to 1100+ TargetSBICARD has been trading within a descending triangle pattern for an extended period, with lower highs and a strong horizontal support. This pattern is typically bearish but can lead to bullish breakouts when resistance is breached, as seen in this case.
Breakout Confirmation & Key Levels
Resistance Breakout:
The stock has successfully broken above the descending trendline resistance, indicating a potential trend reversal.
Buying Zone:
Above ₹800 – A sustained move above this level confirms the breakout.
Stop-Loss Level:
Below ₹750 – Any close below this level could invalidate the bullish setup.
Target Levels:
Initial Target: ₹920+
Projected Target: ₹1100+ (based on pattern height projection)
sbicardNomura observes that several major concerns are likely to ease in the near term, particularly regarding asset quality, driven by the following factors:
1) The share of metro regions in credit card debt has been gradually increasing since FY23, while the leverage and limit levels of non-metro customers have been declining.
2) SBI Cards has seen a growing contribution from the top eight metro cities in its new customer acquisitions.
3) SBI Cards has seen a rise in net card addition in November 2024 by 231,000, which is the highest since December 2023.
These developments suggest that asset quality issues should stabilise in the next few quarters, positively impacting the company's return profile in FY26, according to Nomura.
Weekly Long opportunity SBI CardsAgain, I was tracking this share.
1. Monthly engulfing candle, where we see fall in nifty. As this is large cap
2. Few months back large pin bar at bottom
3. More volume at green candle.
4. FII and DII have large stake in this business.
Can keep this week low for short term trader but if nifty flies, this counter can run faster. Make your due diligence with limited quantity. Long term can keep for 15 to 18 months.
Long SBICARD a medium term trade ideaNSE:SBICARD is showing beautiful outperformance on charts compared to indices NSE:CNXFINANCE in last few weeks, above all moving averages, long due underformer
This might go for few more rounds of support retesting but eventually poised to move near 900 and above. One can buy with time horizon of 6 months and more...
SBI CARDS & PAY SER LTD Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
sbi cardCurrent Share Price: ₹664.45 (as of December 31, 2024)
Market Capitalization: ₹63,155 crore
52-Week High: ₹817.40
52-Week Low: ₹647.95
PE Ratio: 28.58
EPS (TTM): ₹23.23
PB Ratio: 5.23
Face Value: ₹10.00
Dividend Yield: 0.38%
Given your support level of ₹670,680 and resistance level of ₹700, it seems like the stock is currently trading near the support level. Do you have any specific investment plans or need further analysis on this stock?
SBI Card: No change in down trendSBI Card has bounced back from support level multiple time. In fact too many times.
Whenever it has bounced back to make a swing high, it seems buying was not strong enough to take it above last swing high overall (igonoring minor swing highs).
- There is strange consolidation near support level. It never happened in past but something is changed in stock's behavior here.
- The stock even gave break out above the range formed with heavy volume, but volume and price action did not follow through. Most likely seems to attract liquidity.
Conclusion:
- It seems like price will continue same bearish trend unless there is decisive closing above 820 levels.
- Might be sideways or might reach near life time low before going up.
Still not ready to buy for long term.
SBICARD : Towards ending correctionSBI Cards (SBICARD)
Analysis
Wave Count: Completion of a 5-wave corrective structure, with Wave 5 ending near the liquidity sweep zone at ₹668.75 (golden Fibonacci retracement zone).
Key Levels:
First Target: ₹738.00
Second Target: ₹783.00
Stop Loss: ₹650.70 (on a daily close basis)
Trend Indicators:
Price is below the 100-SMMA, signaling bearish pressure.
A break above this moving average would confirm bullish momentum.
Trading Plan
Entry Zone: Around ₹675.05 (near the completion of Wave 5).
Confirmation Criteria:
A strong bullish candle with above-average volume breaking and closing above ₹685.
Stop Loss: ₹650.70 (on a daily close basis).
Targets:
First Target: ₹738.00
Second Target: ₹783.00
Risk-Reward Ratio: Favorable for entries near ₹675, with potential upside toward ₹783.
SBI Cards Stock AnalysisAnalysis of SBI Cards Stock Idea
Current Price: ₹697.40
Technical Overview:
* Double Bottom pattern with breakout.
Target Levels:
* ₹850 (initial)
* ₹1,000 (extended)
* ₹1,100 (ultimate)
* Strong support around ₹650-₹700 from breakout zone.
Fundamentals:
* Leading credit card issuer in India with strong revenue and profit growth.
* Positioned to benefit from growing digital payment adoption in India.
* Key risks include exposure to credit defaults, but SBI backing mitigates risk.
This could be a solid opportunity if the trend holds.
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SBICARD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.