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.
SBICARD
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.
SBIC - FIRST TARGET MET SBIC - FIRST TARGET MET
BREAK ABOVE 565
and sustaining above 550
will open the way for 600 levels
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.
