SBI Card is approaching the zone—upside potential of 15%+?

23 ביוני 2021

SBICARD has approached the 200SMA on Daily chart and is not too far away from 50SMA on Weekly. As highlighted in the chart, we can see a confluence of support zone and FIB level.

A confirmation candle might be needed, but it looks like an interesting long setup, especially if 900 is retested and held. Target can be around ATH which is ~15-20% away.

Price action in this stock tends to be a little choppy, so best to be alert.