SBI CARDS SHORT TERM SWING
SBI Cards making bullish harmonic pattern in multiple time frames and the below weekly chart we can see a channel being followed.
ENTRY: 108-109
SL:984 (can be modified with the ascending trendline)
T1:1035
T2:1130
T3:1160
Our bullish gartley formation on 3H and 4H time frame also coincides with the long term bullish channel view therefore providing a good opportunity for a short swing.
personally i feel sbi cards is a great stock with a lot of potential to be unlocked, bullish harmonic formation on bigger time frames generally states the stock is going to rally and most probably would break its previous all time highs. Therefore long term value investors can take it as an opportunity to buy the stock at a good price and can hold after the targets for a year.
Analysis based on harmonic patterns and simple price action,
feel free to contact for any doubt or to learn harmonic,
thankyou.
ENTRY: 108-109
SL:984 (can be modified with the ascending trendline)
T1:1035
T2:1130
T3:1160
Our bullish gartley formation on 3H and 4H time frame also coincides with the long term bullish channel view therefore providing a good opportunity for a short swing.
personally i feel sbi cards is a great stock with a lot of potential to be unlocked, bullish harmonic formation on bigger time frames generally states the stock is going to rally and most probably would break its previous all time highs. Therefore long term value investors can take it as an opportunity to buy the stock at a good price and can hold after the targets for a year.
Analysis based on harmonic patterns and simple price action,
feel free to contact for any doubt or to learn harmonic,
thankyou.
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