- SBICARDS has fallen 35% from all time high.
- On Chart it is forming symmetrical triangle pattern which is a bullish pattern.
- It also taking support on Trend line and Fibb level.
- For symmetric triangle and Fibb level is best combination. With this combo if Monthly candle break trendline and 0.5Fibb level we can expect an possible upmove.
Note:
- SBICARDS has highest market share in cards market in INDIA. Due to
weak result it is falling.
- This is not an invest call , but a study how symmetric triangle
and Fibb level works combo works.