⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
SBICARD - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | SBICARD | Market Cap | 59,252 Cr. | Current Price | 623 ₹ | High / Low | 1,027 ₹ |
| Stock P/E | 27.4 | Book Value | 165 ₹ | Dividend Yield | 0.40 % | ROCE | 10.1 % |
| ROE | 14.7 % | Face Value | 10.0 ₹ | DMA 50 | 670 ₹ | DMA 200 | 766 ₹ |
| Chg in FII Hold | -0.60 % | Chg in DII Hold | 0.28 % | PAT Qtr | 609 Cr. | PAT Prev Qtr | 557 Cr. |
| RSI | 32.4 | MACD | -14.5 | Volume | 6,02,025 | Avg Vol 1Wk | 8,70,904 |
| Low price | 612 ₹ | High price | 1,027 ₹ | PEG Ratio | -20.0 | Debt to equity | 2.80 |
| 52w Index | 2.53 % | Qtr Profit Var | 14.1 % | EPS | 22.8 ₹ | Industry PE | 18.7 |
📈 Chart & Trend Analysis
- Moving Averages: Current price (₹623) is below both 50 DMA (₹670) and 200 DMA (₹766), confirming bearish momentum.
- RSI: At 32.4, the stock is near oversold territory, hinting at a possible short-term bounce.
- MACD: Negative (-14.5), supporting continued bearish sentiment.
- Bollinger Bands: Price is near the lower band, suggesting oversold conditions and potential mean reversion.
- Volume Trends: Current volume (6,02,025) is below 1-week average (8,70,904), showing weak participation in recent moves.
📊 Momentum & Signals
- Short-term momentum: Weak, but oversold RSI may trigger a relief rally.
- Support Zone: ₹612 – ₹620 (recent low and psychological support).
- Resistance Zone: ₹670 (50 DMA) and ₹700 (trendline resistance).
- Entry Zone: ₹615 – ₹625 (near support, oversold RSI).
- Exit Zone: ₹670 – ₹700 (resistance levels).
📉 Trend Status
The stock is currently trending downward with signs of consolidation near support. A reversal is possible if RSI-driven bounce sustains above ₹670.
✅ Positive
- Quarterly profit growth of 14.1% QoQ.
- ROE at 14.7% indicates decent return efficiency.
- Dividend yield of 0.40% provides some stability.
⚠️ Limitation
- High debt-to-equity ratio (2.80).
- Stock P/E (27.4) above industry average (18.7), making valuation expensive.
- Negative PEG ratio (-20.0), suggesting poor growth-adjusted valuation.
📰 Company Negative News
- Decline in FII holding (-0.60%), showing reduced foreign investor confidence.
🌟 Company Positive News
- PAT improved to ₹609 Cr vs ₹557 Cr previous quarter.
- DII holding increased (+0.28%), reflecting domestic institutional support.
🏦 Industry
- Industry PE at 18.7, lower than SBICARD’s 27.4, indicating sector peers are cheaper.
- Credit card industry growth remains strong with rising consumer spending.
📌 Conclusion
SBICARD is in a bearish trend but oversold RSI suggests a short-term bounce opportunity. Entry near ₹615 – ₹625 with exit around ₹670 – ₹700 is optimal for traders. Long-term investors should be cautious due to high debt and stretched valuations.