SBICARD - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | SBICARD | Market Cap | 61,274 Cr. | Current Price | 644 ₹ | High / Low | 1,027 ₹ |
| Stock P/E | 28.3 | Book Value | 165 ₹ | Dividend Yield | 0.39 % | ROCE | 10.1 % |
| ROE | 14.7 % | Face Value | 10.0 ₹ | DMA 50 | 702 ₹ | DMA 200 | 788 ₹ |
| Chg in FII Hold | -0.60 % | Chg in DII Hold | 0.28 % | PAT Qtr | 609 Cr. | PAT Prev Qtr | 557 Cr. |
| RSI | 37.3 | MACD | -11.4 | Volume | 20,71,416 | Avg Vol 1Wk | 31,01,642 |
| Low price | 615 ₹ | High price | 1,027 ₹ | PEG Ratio | -20.6 | Debt to equity | 2.80 |
| 52w Index | 6.97 % | Qtr Profit Var | 14.1 % | EPS | 22.8 ₹ | Industry PE | 18.2 |
📊 Chart & Indicators: SBICARD is trading at ₹644, below both 50 DMA (₹702) and 200 DMA (₹788), confirming bearish momentum. RSI at 37.3 indicates oversold territory, while MACD at -11.4 shows continued negative momentum. Price is near lower Bollinger Band (~₹615), suggesting possible short-term bounce but overall trend remains weak. Volume (20.7L) is lower than weekly average (31L), reflecting reduced market participation.
🎯 Entry/Exit Zones:
- Buy Zone: ₹630–₹645 (near support)
- Stop-Loss: ₹615
- Exit Levels: ₹670–₹680 (minor resistance), ₹700–₹710 (major resistance near 50 DMA)
📈 Trend Status: Consolidating with bearish bias; oversold RSI hints at potential short-term reversal, but broader trend remains weak below moving averages.
✅ Positive
- Quarterly PAT growth: ₹609 Cr vs ₹557 Cr (+14.1%)
- EPS improved to ₹22.8
- ROE at 14.7% remains strong
- DII holdings increased (+0.28%)
⚠️ Limitation
- Stock P/E 28.3 vs Industry PE 18.2 → overvaluation risk
- PEG ratio -20.6 indicates poor growth-adjusted valuation
- Debt-to-equity at 2.80 shows high leverage
- Price significantly below 200 DMA, weak long-term trend
📉 Company Negative News
- Sharp correction from 52-week high (₹1,027 → ₹644)
- FII holdings reduced (-0.60%)
- Weak technical momentum with MACD negative
📊 Company Positive News
- Consistent profit growth quarter-on-quarter
- Dividend yield improved to 0.39%
- Stable ROCE at 10.1% despite correction
🏦 Industry
- Industry PE at 18.2 indicates sector is cheaper than SBICARD
- Credit card sector growth remains strong with rising consumer spending
- Competition from fintechs and banks increasing
📝 Conclusion
SBICARD is consolidating near support with oversold RSI, offering short-term bounce opportunities. However, valuations remain stretched, leverage is high, and technical trend is weak below major moving averages. Suitable only for cautious short-term trades with strict stop-loss; investors should wait for sustained strength above ₹700–₹710 before considering fresh positions.
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