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SBI Cards forming Ascending triangle.

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SBI CARDS & PAYMEN (NSE:SBICARD)  
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NSE:SBICARD   SBI CARDS & PAYMEN
Trend Analysis Beyond Technical Analysis Chart Patterns priceaction
10
2
trendanalysis beyondta chartpattern priceaction
SBI Cards currently bouncing from a trend-line. Taking support 4 times from the trendline.
Latest 3 supports on trend line were with high volume bars. This shows that trendline is acting as a strong support.
Stock currently available at supports, hence SL will be lower.

Place SL at 868 levels
Targets 1370/1575


Comentarios:
There's loss of momentum.

One can exit completely.

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IRCTC Ascending triangle in the making.
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