SBI CARDS - Not Bullish Yet | Neglected Stock!
Price Analysis & Overview:
1. Price are yet to form HH-HL formations.
2. Trading below 50 EMA.
3. Volumes are dry. It seems like no one is still interested in the stock!
4. Touched the demand multiple times - increasing the chances to break the zone and go further lower.
5. Forming Double bottom.
6. Earnings are strong - That's the only good thing in the stock currently.
Trading Plan:
- JUST OBSERVE.
- Let it prove the buying strength!
Monthly TF View:
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Price are yet to form HH-HL formations.
2. Trading below 50 EMA.
3. Volumes are dry. It seems like no one is still interested in the stock!
4. Touched the demand multiple times - increasing the chances to break the zone and go further lower.
5. Forming Double bottom.
6. Earnings are strong - That's the only good thing in the stock currently.
Trading Plan:
- JUST OBSERVE.
- Let it prove the buying strength!
Monthly TF View:
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Anubrata Ray ⚡
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