SBICARD (Simple but Strong Price Action)
SBICARD on weekly Chart showing simple but Strong Price Action.
RSI approaching 30 (Oversold Zone).
Its near Major Support Zone of 650 to 712 - already bounced up 6 times from this zone.
Wait for RSI trendline Resistance Breakout Marked with Red line for Breakout Trade.
Also wait for Channel Upper Trendline Breakout marked in red for Breakout Trade.
For Support Zone based trade keep accumulating between 650 to 712 with Stoploss 618.
Resistance Zones will act as Targrets.
Swing Target 765.
Positional Targets 835-855-945-970.
Long Term Target 1150 to 1300.
So are you ready for 7th Bounce up & Breakout ?
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
RSI approaching 30 (Oversold Zone).
Its near Major Support Zone of 650 to 712 - already bounced up 6 times from this zone.
Wait for RSI trendline Resistance Breakout Marked with Red line for Breakout Trade.
Also wait for Channel Upper Trendline Breakout marked in red for Breakout Trade.
For Support Zone based trade keep accumulating between 650 to 712 with Stoploss 618.
Resistance Zones will act as Targrets.
Swing Target 765.
Positional Targets 835-855-945-970.
Long Term Target 1150 to 1300.
So are you ready for 7th Bounce up & Breakout ?
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
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