SBICARD - Target Achieved
Stock almost did the target in the early trading session, high made was 596.35
The current rally was a pullback and
now its time to draw a new trend-line to spot the reversal in the stock.
New support levels are 540 545 ( previous resistance turned support)
Stock can spot the Resistance near new down sloping trend-line and further resistance will remain same as before i.e 580-600.
I find this stock as the most easiest stock to trade, respecting most of the levels identified beforehand.
Someone rightly said opportunity meets the prepared mind.
The current rally was a pullback and
now its time to draw a new trend-line to spot the reversal in the stock.
New support levels are 540 545 ( previous resistance turned support)
Stock can spot the Resistance near new down sloping trend-line and further resistance will remain same as before i.e 580-600.
I find this stock as the most easiest stock to trade, respecting most of the levels identified beforehand.
Someone rightly said opportunity meets the prepared mind.
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