SBICARDS BULLISH HARMONIC BAT PATTERN PRZ 720 ZONE
SBI CARDS is an interesting chart with following
1. Bullish Harmonic BAT pattern under formation
2. PRZ near 715-740 zone
3. Confirmation hammer candle on weekly chart
4. Price Formed Bullish candles on two consecutive days on daily charts despite bad numbers
can be a good risk and reward for positional target of 873 with SL below 700 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Bullish Harmonic BAT pattern under formation
2. PRZ near 715-740 zone
3. Confirmation hammer candle on weekly chart
4. Price Formed Bullish candles on two consecutive days on daily charts despite bad numbers
can be a good risk and reward for positional target of 873 with SL below 700 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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