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SBI CARDS AND PAYMENT SERVICESSBI CARDS AND PAYMENT SERVICESSBI CARDS AND PAYMENT SERVICES

SBI CARDS AND PAYMENT SERVICES

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SBICARD trade ideas

SBI Cards : Under Bull's Control for 15% - 50% riseSBI Cards : A good Short term (15%) to Long Term (50%) play on cards from current levels. 720 SL Here’s a summary of the key points : 1. Rating Upgrade: Stock rating for SBI Cards (SBICARD) upgraded to 'Buy' from 'Sell'. 2. Target Price Raised: Target price increased to 913 rupees from 652 rupees. 3. Profit Outlook: Pre-provision operating profit for SBIC is stabilizing as the industry undergoes cost rationalization. 4. Cost Efficiency: Improvement in the cost-to-income ratio amidst industry consolidation. 5. Earnings Estimates: EPS estimates raised by 7% for FY25 and 21% for FY26. 6. Credit Cost Expectations: Anticipates improvement in credit costs starting Q2 FY25 and expected loan growth from FY26. 7. Bond Issuance: SBI Cards accepted bids totaling 15 billion rupees ($178.7 million) for 10-year subordinated bonds at an annual coupon of 8.25%. 8*** Concerns on Lending: Ongoing concerns regarding unsecured lending in the market due to rising household leverage.
NSE:SBICARDLong
by CKParkhi
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement. Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend. Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation. Target - 790 // 855 // 935 Stoploss - weekly close below 670 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:SBICARDLong
by Visionary_Growth_Insights
4
Can SBICARD show some run finally?SBICARD has given almost 0% returns after listing. Can it show some reversal signs from here. What if I Say, this can show some multi-bagger return from here. I know most of people will say I am crazy, but let us run through some facts before calling me crazy. ->Only Listed company in Credit Card Market. -> It is a subsidiary of India’s largest commercial bank, the State Bank of India. Green Flags #Company is standing at highest ever revenue #Company is standing at highest ever EPS #Company is trading at lowest PE from it's listing day which is below median #FIIs have started increasing stage from last quarter #Company has delivered good profit growth of 22.7% CAGR over last 5 years #Company Stock CAGR is -12% in last three years even after good growth in profit and sales growth of 35% & 22% respectively. (Value Unlocking is mandatory) # Company is standing at highest ever reserves in Balance sheet. #Company has consistent ROE of 22% #Cards in force stand at 1.92 crore, reflecting an 11% year-over-year growth. #SBI Card holds an 18.5% market share in the credit card industry. Red Flags #Credit cost increased to 8.5% from 7.5% in Q4 FY24, with Gross Non-Performing Assets (GNPA) at 3.06%. #Incremental provisions rose by ₹51 crore quarter-over-quarter, with write-offs increasing by ₹105 crore. #Over-leveraging among customers has impacted repayment capacity, leading to a rise in delinquencies. Personally I am bullish and will initiate once breakout is confirmed. Please do your own analysis before taking any trade. Happy Investing..
NSE:SBICARDLong
by Stockiist
SBI CARDS LT InvestmentNSE:SBICARD After a long consolidation period starting from Jan till date has finally given a breakout today with good % increase SBI currently holds the highest number of Bank accounts, and the credit card industry which is yet to boom in India currently has a lot of potential for new customer acquisitions and thus makes SBICARD a very promising company, their earnings have been robust and the next boom from rate cuts will be enjoyed by banks and financial institutions like SBICARD Although there are many great prospects, we should not forget the risk that we are already at ATH markets and the US economy has to be completely stable with rate cuts and job markets for us to have a smooth journey towards ATH of this stock, however the potential and market sentiments and conditions makes it a stock which can be considered for investment from a long term perspective.
NSE:SBICARDLong
by SNCtradess
SBICARDS - the sleeping giant awakens?This stock has been trading within a range for what feels like an eternity. The recent range consolidation lasted about 8 months, creating a strong base. However, we're finally seeing some action as the price has broken out of this prolonged range with a massive green candle, accompanied by significant volume—indicating strong buying interest. Key Highlights: - Range Consolidation : 8 months of sideways movement, providing a solid foundation. - Breakout Confirmation: The price has decisively moved out of the range with a huge green candle. - Volume Spike: The breakout is backed by strong volume, adding conviction to the move. - 100-Week Exponential Moving Average (WEMA): The price is currently testing the 100 WEMA, a crucial level to watch. - Trendline Breakout: A clear trendline breakout further reinforces the bullish sentiment. This stock is one to keep on your watchlist as it shows signs of a potential trend reversal. Of course, The week is yet to end. Disclaimer: This analysis is for educational and informational purposes only and does not constitute investment advice. Always conduct your own research or consult with a professional before making any investment decisions. Trading involves risks, and past performance is not indicative of future results.
NSE:SBICARD
by TheChartereds
SBICARD + 200SMA + CHAIKAN MONEY FLOW As observed in the chart the price is above its 200 SMA after long period on consolidation. Significantly important triple bottom pattern is also visible on the chart. This is an important support level to note. Taking some clue from the chaikan money flow . It can be observed that the readings is above the zero line . Volume supports the rise in price and so the bulls have enough fuel to regain their territory. The important levels to observe is indicated by the fibonacci retracement lines.
NSE:SBICARDLong
by satyajbims
Spotting the Trend: The Birth of Wave 3Technical Analysis Using Elliott Wave Principles on exampled chart of SBI Cards (Daily Time Frame) This analysis is for educational purposes only and is not intended as financial or trading advice. Market movements are inherently uncertain, and the analysis is based on one possible interpretation of the Elliott Wave structure. Please consult a financial advisor before making any trading or investment decisions. Introduction to Elliott Wave Principles: Elliott Wave Theory is an analytical framework that helps traders and investors understand market psychology through price movement patterns. The theory suggests that market prices unfold in waves, which are driven by collective investor behavior. The patterns consist of five waves in the direction of the main trend, followed by three corrective waves. Understanding these wave patterns allows us to anticipate future price movements with greater accuracy. Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. Current Elliott Wave Analysis on SBI Cards Wave Structure Overview: - The analysis focuses on the daily time frame of SBI Cards, where we can identify a completed corrective pattern and the beginning of a new impulsive wave structure. Wave Count Details: 1. Primary Count: - The chart indicates the possible completion of Wave ((2)) in black, marked by a complex corrective structure, ending near the 493.30 level. - The price has likely begun unfolding Wave ((i)) of Wave 1 in red of the larger Wave ((3)) in black. 2. Current Daily Structure: - Wave ((2)) seems to have completed with a three-wave corrective move, labeled as A-B-C. The final wave C (marked in red) appears to have ended at 493.30, representing the termination point of Wave ((2)). - Following this, the initial sub-waves of Wave 1 (red) have begun forming, with Wave ((i)) currently unfolding. - The nearest Invalidation Level for this wave count is 647.95. A break below this level would invalidate the current count, requiring a re-evaluation. Wave ((3)) Characteristics and Projections: - Wave ((3)) Characteristics: As per Elliott Wave Theory, Wave ((3)) is often the most dynamic and extended wave, reflecting strong momentum in the direction of the main trend. It’s typically the longest and most powerful of the impulsive waves, often reaching or surpassing the 1.618 Fibonacci extension of Wave ((1)). - Target Levels: For Wave ((3)) in black, potential targets could be calculated using Fibonacci extensions from Wave ((1)) & ((2)), projecting prices towards 161.80%, hear possibility for short to medium term could be 960.00 and beyond if Invalidation level is not Triggered, depending on the strength of the momentum. - Invalidation Level: If the price drops below 647.95, it would invalidate the current wave count, indicating that Wave ((2)) may still be in progress or that an alternative structure is developing. Conclusion: The analysis suggests that SBI Cards may have completed a major corrective wave and is now in the early stages of a new impulsive sequence. The focus should be on the development of Wave ((3)) in black, which has the potential to drive prices significantly higher if the wave count holds true. As always, this educational analysis is not intended as trading advice, and one should consult with a financial advisor before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBICARDEducation
by RK_Chaarts
7
SBICard - Good Long OpportunityThe 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.
NSE:SBICARDLong
by Trading_Forever1234
1