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manuagarwal21

SBIC - Resisting 800 levels

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SBI CARDS & PAYMEN (NSE:SBICARD)  
manuagarwal21  
NSE:SBICARD   SBI CARDS & PAYMEN
Trend Analysis Support and Resistance Supply and Demand SBICARD sbicards sbic sbicads position shortsetup weakness weaknessofthepriceaction
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trendanalysis supportandresistance supplyanddemand sbicard sbicards sbic sbicads position shortsetup weakness weaknessofthepriceaction
Sbi card is moving with lower highs and lower lows formation since August 2021.

The stock has broken its important support levels around 800 and is resisting it for the past two weeks.

This week it opened with the gap on the downside and saw follow-up weakness.

Going ahead, the 770- 800 zone would act as a strong resistance for the stock and we could also see it moving towards 600 levels in the coming months, considering its weak price structure.



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