SBICARD - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.2

Here’s a detailed technical analysis of SBI Cards & Payment Services Ltd. (SBICARD) based on current indicators and price action

📉 Trend Analysis

Current Trend: Bearish and Reversing

Price is below both 50-DMA (₹900) and 200-DMA (₹849), confirming a strong downtrend.

RSI at 22.6 is deep in oversold territory, suggesting potential for a technical bounce.

MACD at -31.7 shows strong bearish momentum with a wide negative divergence.

📊 Moving Averages

Indicator Value Signal

50-DMA ₹900 Resistance

200-DMA ₹849 Resistance

Price ₹804 Below both MAs

Price action below key averages reinforces bearish sentiment. Reclaiming ₹850+ would be the first sign of recovery.

📈 Momentum Indicators

RSI (14): 22.6 → Oversold; potential for short-term bounce.

MACD: -31.7 → Strong bearish crossover; momentum still declining.

Volume: 7.9L vs 1-week avg of 16.3L → Below average, indicating weak participation.

📉 Bollinger Bands

Price is hugging the lower band, reinforcing oversold conditions.

No squeeze pattern; volatility remains elevated.

📌 Support & Resistance Levels

Level Price Zone

Support 1 ₹790

Support 2 ₹760

Resistance 1 ₹849 (200-DMA)

Resistance 2 ₹900 (50-DMA)

Entry Zone: ₹790–₹804 (oversold bounce setup)

Exit Zone: ₹849–₹900 (resistance zone)

🔍 Chart Pattern & Price Action

Price action shows a descending triangle breakdown.

Trendlines slope downward with lower highs and flat support near ₹800.

A close above ₹850 with volume confirmation could signal a short-term reversal.

⚠️ Conclusion

Technical Outlook: Bearish with oversold bounce potential

Momentum: Weak; caution advised

Suggested Strategy: Avoid fresh long positions until price reclaims ₹850+. Speculative entry near ₹790–₹804 with tight stop-loss may be considered.

Risk Level: High (due to elevated valuation, weak momentum, and high debt-to-equity ratio)

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