SBICARD - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.2
| Stock Code | SBICARD | Market Cap | 70,268 Cr. | Current Price | 737 ₹ | High / Low | 1,027 ₹ |
| Stock P/E | 33.6 | Book Value | 155 ₹ | Dividend Yield | 0.34 % | ROCE | 10.4 % |
| ROE | 14.8 % | Face Value | 10.0 ₹ | DMA 50 | 839 ₹ | DMA 200 | 854 ₹ |
| Chg in FII Hold | 0.04 % | Chg in DII Hold | 0.08 % | PAT Qtr | 557 Cr. | PAT Prev Qtr | 445 Cr. |
| RSI | 23.7 | MACD | -29.9 | Volume | 8,14,828 | Avg Vol 1Wk | 25,60,011 |
| Low price | 726 ₹ | High price | 1,027 ₹ | PEG Ratio | 5.76 | Debt to equity | 3.33 |
| 52w Index | 3.90 % | Qtr Profit Var | 45.2 % | EPS | 22.0 ₹ | Industry PE | 18.9 |
📉 Chart & Trend Analysis: SBICARD is trading at 737 ₹, well below its 50 DMA (839 ₹) and 200 DMA (854 ₹), confirming a bearish trend. RSI at 23.7 indicates oversold conditions, while MACD at -29.9 shows strong negative momentum. Bollinger Bands suggest price hugging the lower band, reflecting persistent selling pressure. Current volume (8.1 lakh) is significantly lower than the 1-week average (25.6 lakh), showing weak market participation.
⚡ Short-Term Momentum Signals: Oversold RSI may trigger a short-term bounce, but MACD and moving averages confirm bearish continuation. Weak volume reduces conviction in reversal attempts.
🎯 Optimal Entry Zone: 726 ₹ – 740 ₹ (near support).
🚪 Optimal Exit Zone: 780 ₹ – 800 ₹ (resistance from prior consolidation and trendline).
📊 Trend Status: The stock is reversing downward from its highs and currently in a bearish consolidation phase.
Positive
- Quarterly PAT growth: 557 Cr. vs 445 Cr. (↑ 25%).
- ROE at 14.8% reflects decent profitability.
- Strong brand presence in credit card industry.
Limitation
- High P/E of 33.6 compared to industry PE of 18.9.
- Debt-to-equity ratio at 3.33 indicates leverage risk.
- PEG ratio of 5.76 suggests overvaluation relative to growth.
Company Negative News
- Stock price under pressure, trading near 52-week low.
- Weak technical signals with bearish MACD and low volume.
Company Positive News
- Strong quarterly profit growth (45.2% YoY variation).
- Stable dividend yield (0.34%).
- Incremental increase in FII (+0.04%) and DII (+0.08%) holdings.
Industry
- Industry PE at 18.9, lower than SBICARD’s valuation.
- Credit card sector growing with rising consumer spending.
- Competition from fintech and digital payment platforms.
Conclusion
🔎 SBICARD is technically weak with bearish signals, trading below key moving averages and showing oversold RSI. Short-term bounce possible near 726 ₹ support, but sustained recovery requires volume confirmation and crossing 800 ₹ resistance. Fundamentally, strong profit growth supports long-term outlook, but high leverage and valuation remain concerns.
Would you like me to also prepare a sector benchmarking overlay (HDFC Bank, ICICI Bank, Axis Bank) so you can compare SBICARD’s valuation and technical strength against peers?