SBICARD trade ideas
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
SBICARD - BREAKOUT SETUPOn hourly chart stock started to form higher high formation, and rsi is also well aligned the price, suggestion price up move is fueled by the good momentum.
So everything as of now looks good on the charts , and any breakout above the trend-line would possibly lead a good move in the stock and stock could be seen reversing the down trend its being seeing since listing.
This trade has great risk reward ratio.
So always plan ahead and reap the profits.
Do not follow blindly, please do your own research.
SBICARD - Target Achieved Stock almost did the target in the early trading session, high made was 596.35
The current rally was a pullback and
now its time to draw a new trend-line to spot the reversal in the stock.
New support levels are 540 545 ( previous resistance turned support)
Stock can spot the Resistance near new down sloping trend-line and further resistance will remain same as before i.e 580-600.
I find this stock as the most easiest stock to trade, respecting most of the levels identified beforehand.
Someone rightly said opportunity meets the prepared mind.
SBI towards 600Trendline break has happen, and stock is heading towards the range breakout before is zooms up
Stop loss is at 518 levels
