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
SBICARD trade ideas
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%
SBI CARD buy @712~722, target 790~810SBI CARD buy @712~722, target 790~810
SBI card will come down from present selling point 765~770 to 712~722 range, once can buy in this range with stop loss 700 and can have target 790~810.
SBI Cards | BUYOne of the most subscribed IPO of this year unfortunately hammered by negative COVID sentiments. The stock seems to be steadily moving on a uptrend and is about to cross listing price. This generally leads to buildup of strong upward momentum in stock. The stock is a good buy at about Rs 727 level with portfolio stop of 3 % and target of Rs 818.
SBICARDDo not buy immediate at breakout, wait for price action, look at the chart these kind of forms might be created !!
SBI CARD - Time to take pauseSBI Card Formed Bat Pattern on the daily chart with a precise prz in the area of 740 . This Pattern possessed three levels in tight zone of 735 - 742.
The Bat is the most common and precise pattern and requires a smaller stop loss than other patterns.The 0.886 XA retracement is the most critical level in the Bearish Bat pattern.
I Always wait for the entire PRZ range to be tested to validate the completion of the pattern, though it delays the execution process, but the trade you take then won't test much of your patience.
Note : BC swing slightly exceeded the A Point , so its not a perfect Bat pattern, but i am considering it as a Bat pattern, because of the close alignment of various Fibonacci ratios in the prz area..So Slight adjustment/leeway is allowed in the real trading world.
SBICARDS Pole FlagSBICARDS formed a pole flag pattern on 15 min chart. Have an eye on it. As NIFTY looks bullish and eyeing 11000, this can quite easly break flag pattern and rally further. however 700 looks very short term resistance.
SBICARD LIMIT INCREASED !Well this broke out as thought guessing the FOMO kicks in now to take it to the next level .
Question is will it retest the break out zone?
Just scanning this for a Intra day tomorrow
15 minute the 7 day has dived down and crossed the 21 day so depending on price action tomorrow will see how to proceed.
Swing traders strong hands please:)
SBIC - FIRST TARGET MET SBIC - FIRST TARGET MET
BREAK ABOVE 565
and sustaining above 550
will open the way for 600 levels
SBICARD - Hope the bag holders reloaded their bagsFairly new share ,broke out of its downtrend line possible retest and may dip till 528 .
BUY up till 528
Keeping my stop loss below that zone 517ish
Expect this to be a quick pump till 619 .
On the LTF the 7 & 21 day MA's are offering support around 536.25 so first bid is going to be there . Fairly confident this should play out lets see...
Long term i believe 731 and beyond ....
IF SBI's baby SBICARD can fold what chance does the economy have?
SBI card downtrendSBI Card might give short covering but it is showing downtrend on longer period
CMP: 503
Target: 466
invalid above: 573
SBICARD short RR 1:2.4Taking Short position on SBICARD
Target 517 SL 567
Forming head and shoulder and with the breakout, it seems bearish.
SBICARD ShortCMP has broken 585 support and broken the trend line .
Short @CMP : 560
Target : 505
SL:586
sbi cardsbi card heavily down in last few day
good bounce back 500 to 590
now seen some resistance if cls or sustain abv 590 more upside seen
