SBICARD trade ideas
SBICARD : Buying at the current levelsThe current issues related to Carlyle arm selling stake, is not a major concern for the overall growth of the stock. This is just a temporary issue and I see this as an opportunity to buy. Will be adding on if price dips to the other two inflection points mentioned herein. Will be selling only when price reaches the top of the channel line.
SBICARD consolidating at imp levelsOn 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.