SBICARD is currently at a crucial technical juncture. After a long consolidation and multiple rejections from a descending trendline (marked in grey), the stock is now attempting a decisive breakout on the weekly chart.
📊 Key Observations:
Price has broken above a multi-year trendline resistance. Strong bullish candle.
Breakout level around ₹860–₹870 — previously acting as supply zone.
Volume pickup supports the breakout strength.
Immediate target shown on chart is ₹1,065, which is ~22.78% potential upside from breakout.
🎯 What to Watch:
Sustained weekly close above ₹870 could confirm breakout.
Possible retest of breakout zone before next leg up.
Stop-loss for swing traders can be placed around ₹820.
📌 Disclaimer: Not a recommendation. Do your own research and risk management.
📊 Key Observations:
Price has broken above a multi-year trendline resistance. Strong bullish candle.
Breakout level around ₹860–₹870 — previously acting as supply zone.
Volume pickup supports the breakout strength.
Immediate target shown on chart is ₹1,065, which is ~22.78% potential upside from breakout.
🎯 What to Watch:
Sustained weekly close above ₹870 could confirm breakout.
Possible retest of breakout zone before next leg up.
Stop-loss for swing traders can be placed around ₹820.
📌 Disclaimer: Not a recommendation. Do your own research and risk management.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.