SBICARD - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of SBI Cards and Payment Services Ltd (SBICARD)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading well above both its 50-DMA (₹849) and 200-DMA (₹841), confirming bullish momentum.

52-Week Positioning: At 63.2% of its 52-week range (₹660 – ₹1,027), the stock is in the upper-middle zone, showing strength but still below its peak.

📈 Momentum Indicators

RSI (69.8): Bullish. Approaching overbought territory, indicating strong momentum but also caution for short-term traders.

MACD (15.9): Strong positive crossover, confirming bullish momentum and trend continuation.

Volume: Current volume (17.9L) is slightly above the 1-week average (16.6L), suggesting healthy participation and accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock has broken out above key moving averages and is forming higher highs and higher lows. A sustained move above ₹900 could trigger a rally toward its 52-week high.

Support Levels

₹849 – 50-DMA and immediate support

₹825 – prior swing low and psychological base

Resistance Levels

₹900–₹915 – short-term resistance zone

₹1,000–₹1,027 – 52-week high zone

📌 Bollinger Bands

Price is near the upper band, confirming momentum. Bands are widening, indicating increasing volatility and potential for breakout continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 860–880 Near support and breakout base

Exit (Short) 900–915 Resistance zone, potential profit booking

Exit (Long) 1,000–1,027 If breakout sustains above ₹915

🔍 Market Behavior

Trending: Yes, strong bullish trend confirmed by MACD, RSI, and price action.

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless RSI peaks and volume fades.

🧠 Summary

SBICARD is technically strong, riding a bullish wave with price action above key moving averages and momentum indicators supporting further upside. Traders may consider accumulating near ₹860–₹880 and watch for breakout above ₹915 for targets toward ₹1,027.

Let me know if you'd like to compare this setup with other financial services or fintech stocks.

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