SBICard - Good Long Opportunity

23 Nov 2023

The stock has experienced a downturn following the introduction of new regulations. However, notable developments in its price action indicate potential for recovery:

• The stock showed signs of a rebound in the last day, evidenced by a significant selling wick, which suggests heavy buying activity at the demand zone.
  
• It managed to close above its low on 30th October, a point where substantial buying was previously observed.
  
• Based on these observations, levels have been identified for two potential trading opportunities.
  
• The trend line is acting as a resitance, it can give a decent return once it crosses above
  

Note: This analysis reflects my personal opinion and should not be taken as professional financial advice.

9 Dis 2023

Dagangan aktif

Target 1 Achieved. Target 2 is on. One can bring SL to c2c or latest swing low.

15 Jul 2024

Dagangan ditutup: sasaran tercapai

Trade closed