SBI Cards turning bearish!! Candle has shown breakdown from channel on weekly close. Wait for a retest. Until then watch closely.
SBICARD trade ideas
SBI Cards-Buy around 920 to 940Buy around 920 to 940
Stop Loss 875
Target: 990 // 1029 // 1059 // 1090
Do your due diligence this is not investment advise
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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.
Good supply on weekly chart of SBICARD.NSE:SBICARD
Good supply visible on weekly chart of SBICARD which may lead stock to move down toward 918 and 765. Any closing below last weeks low on daily chart will be good confirmation for same.
this view will be invalid if we see closing above 1105.
SBICard - LongNSE:SBICARD
This is a good opportunity to enter long/ invest in SBICards at around 900/- Looks promising
Bullish on SBI card- Cup & Handle pattern
- Above short & long term moving averages
- Target 1290-1300
SBICARD Trending up towards 1100 levelsSBIC card has come into motion and is probably moving towards 1080- 1100 levels,
Please refer to the previous post of sbic, linked here.
it is forming a cup & handle patternKeep this stock in your watch list if it completes cup & handle pattern you could expect a good break out
SBI CARD - Full movementumAfter forming an inverted head and shoulder pattern stock is in full uptrend. NSE:SBICARD
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.
buy sbi cardsbi card has form inverse head & shoulder pattern in 2hr chart. we may see 1085 in coming days. view negated below 950
SBICARD - Morning Star at support level - Short Term swingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic, Entry range, SL are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
sbicardSBI card has retest its breakout level also it has taken support at ichimoku cloud. it may rise till 1000+ till it holds 900 levels
SBICARD IMPORTANT LEVELS FOR BUYINGSBICARD has seen a remarkable rally from 500 levels to 1100 levels in the past 1 year.
Currently, we are seeing some correction in the stock.
The monthly and weekly structure is still positive, though it looks weak on the daily chart and the current price action also indicates that this correction can extend a little more.
Important support that Weekly and daily chart gives around 850 levels.
And the major support levels come around 799 - 670, which you can say lifeline support.
So keep an eye on the stock and grab the opportunity when stock presents it to you.
Trade/Invest at your own risk.
Possible continuation of SBI card break outLooks good in continuously following the initial trendline.
SBICARD - Ascending Triangle pattern - Short term swing tradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
