SBICARD trade ideas
SBI CARD For Short TermStock is moving on HH & HL pattern. Going to Break Latest High, which will be our entry point.
SBICARD -- LOOKS GOOD FOR UPSIDE MOVESBICARD is in up move making higher high and higher low with following proper road as per the trendiness .Expecting it to move up very soon ..
SBI Cards | BUYAfter responding positively to the support ₹756, the stock has been continuing its upward movement. It has risen over ₹800, which has now become a support level for the stock. Expect the price to rally further and hit fresh highs.
SBI CARDS & PAYMENTA Cup and Handle pattern on the chart and the handle breakout is awaited.
Above 800 it could be explosive.
RSI is at attractive levels
Uptrend HH and HL Trading examplehow to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price retest this zone and break the HH and again retest the HH as a support .
SBI Cards Price ReversalThe stock is facing resistance as per Harmonics at PRZ1 - 803.85 and PRZ3 - 807.45. One can book profits and lookout for reentering into this stock at around 769.00 levels.
Sbi card might ride bull a little longer.It looks like Sbi card will take a proper bull ride. I am invested till it touches my Fib to 1.618. Lets see.
SBICARD Support LevelsSBICARD took support at 725 levels it it sustains above 760 level it shall retest 800 levels soon. moreover it broke resistance trend-line on hourly chart. observer price action at 800 level for further direction in this script.
Possible double top can be seen at 800 level followed by a correction and then an up move can be seen.
SBI CARD DAY TRADING & SWING TRADING SELL OPPORTUNITYHEAD AND SHOULDERS FORMATION IS IN PROGRESS IN SBI CARD HOURLY CHART. STOCK FAILED TO GIVE DAILY CLOSE WITH BULLISH MOMENTUM CANDLE ABOVE IR 769 (HIGH OF 18-MARCH-2020), WHICH INDICATES THAT AT PRESENT BULLS ARE NOT INTERESTED ABOVE HIGHS OF FIRST WEEK OF STOCK LISTING.
STOCK HAS FORMED PARALLEL NECK LINE AND CURRENTLY TRADING AT RIGHT SHOULDER AREA OF POTENTIAL HEAD AND SHOULDERS FORMATION ON HOURLY CHART. MORE OVER THAT CHART HAS ALSO FORMED ASYMMETRICAL TRIANGLE AT TOP OF RIGHT SHOULDERS AREA, IF CHART BREAKS THAT TRIANGLE TO THE DOWN SIDE IT WILL GIVE BOOST AND CONFIRMATION TO BEARS FOR SHORTING STOCK AGGRESSIVELY.
SELL ENTRY: 752 (CMP- FOR AGGRESSIVE TRADERS)
STOP LOSS: 779 (1 ATR ABOVE HIGH OF LEFT SHOULDER)
TARGET-1: 735 (DAY TRADING OPPORTUNITY, UP TO RE-TEST OF NECK LINE)
TARGET-2: 690 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)
CONSERVATIVE TRADERS CAN LOOK TO SHORT ONCE CHART BREAKS AND CLOSE BELOW NECKLINE (INR 730) WITH TARGET OF INR 690.
DAY TRADING SELL OPPORTUNITY
SHORT TERM TRADERS CAN TRADE WITH ASYMMETRICAL TRIANGLE BREAKOUT TO THE DOWN SIDE, WITH THE TARGET OF RE-TEST OF NECK LINE. BUT MAKE SURE THAT RISK REWARD RATIO IS FAVORABLE FOR THAT (MINIMUM RISK V/S REWARD IS 1:1)
SBI CARDS READY FOR BIG MOVEMaking a CUP & HANDLE.
Its overbought, a correction is expected.
Sell for a target of 720 and 680. 2-4 weeks.
sbi cardSBI Card is a stock which is in a very good uptrend and if it breaks this Lvl it will just rock. cant give much of targets as it has no previous levels but yeah looks good for long term as well as short-term . will retrace a bit for now to maybe around 768 or 745. a good level for buying. #my_opinion #learner
SBI CARD - net profit Rs 346 crore in April-June quarter - Level#SBICARD reported net profit of Rs 346 crore in April-June quarter. Today stock touched previous all time high and face resistance on same level and closed red with near doji candle. Stock is moving under channel. Can reverse to support trendline from above in case of profit booking from overbought zone.
Showing Bullish result in Technical Parameter:
CCI iin overbought zone
MACD is treading UP above 0
RSI in overbought zone
Stoch in overbought zone
MFI is above 80
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Support : 727 and 705 or 20EMA
Breakdown : 739
LTP : 751
Breakout : 763
Short Target : 769 and 788
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Positive & Negative Point:
1) bullish in Daily/Weekly/monthly chart
2) Close within 52-week high
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(Disclaimer: This is only for educational purpose and paper treading.)
SBI Cards & Payment Services Ltd BUY*Stock simply moving in up trend parallel
channel.
* one can bet on it with 06% risk cmp is 692
make stop loss on 650
* It can touch its high 769 (+11 %) and above
* Risk Reward ratio 1:2
SBICARDS at Resistance @ 769, Rally Ahead !!SBICARDs is facing resistance at all time high of 769. if it manages to close above this it can rally upto 8% from this 769 level. if you observe the chart it is making higher high's. if you divide rally percentage with previous leg rally it is in the range of 1.25-1.4. it may rally between 8.5%-9.6% from 769 levels. expecting 834-844 level in this rally.
Before that have a look at today's results of SBICARD. if results not looks good you may exit here. today's pull back suggests upcoming rally.
12/1.4 = 8.5%
12/1.25 = 9.6%
