mahhisingh

Sbi card medium term trade

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NSE:SBICARD   SBI CARDS & PAYMEN
SBICARD
it is forming double bottom at supply demand conversion zone on weekly time frame.
This time it stands just at support level.
We should initiate a medium term position here with small quantity & will keep adding at retracement on daily time frame.
Expected targets are- 1st 900 & 2nd 1050.
it is also a investment type opportunity
it may take months to reach target 2nd.
Stop loss will be 8-10%.
Happy Investing!

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