SBI Cards and Payment Services Ltd - Price tells everything.
If we look at the price action of the
SBICARD
in the past period, we may be able to see the W pattern, so called double bottom pattern and after that
SBICARD
went into consolidation mode for about 1 month while getting trapped into a flat bottom triangular pattern. At the current moment, it looks like it has achieved a successful breakout and may soar price higher.
One may initiate a long position with a stop loss below 995.
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SBICARD
in the past period, we may be able to see the W pattern, so called double bottom pattern and after that
SBICARD
went into consolidation mode for about 1 month while getting trapped into a flat bottom triangular pattern. At the current moment, it looks like it has achieved a successful breakout and may soar price higher. One may initiate a long position with a stop loss below 995.
Like, Follow & Share for new updates.
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