SBICARD - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | SBICARD | Market Cap | 68,380 Cr. | Current Price | 718 ₹ | High / Low | 1,027 ₹ |
| Stock P/E | 32.7 | Book Value | 155 ₹ | Dividend Yield | 0.35 % | ROCE | 10.4 % |
| ROE | 14.8 % | Face Value | 10.0 ₹ | DMA 50 | 769 ₹ | DMA 200 | 825 ₹ |
| Chg in FII Hold | 0.04 % | Chg in DII Hold | 0.08 % | PAT Qtr | 557 Cr. | PAT Prev Qtr | 445 Cr. |
| RSI | 37.8 | MACD | -21.8 | Volume | 16,08,090 | Avg Vol 1Wk | 14,07,354 |
| Low price | 688 ₹ | High price | 1,027 ₹ | PEG Ratio | 5.61 | Debt to equity | 3.33 |
| 52w Index | 8.84 % | Qtr Profit Var | 45.2 % | EPS | 22.0 ₹ | Industry PE | 17.2 |
📊 Chart & Trend Analysis: SBICARD is currently trading at ₹718, below both its 50 DMA (₹769) and 200 DMA (₹825), indicating bearish momentum. RSI at 37.8 suggests the stock is approaching oversold territory. MACD at -21.8 confirms negative momentum. Bollinger Bands show price near the lower band, hinting at potential short-term support.
📈 Volume Trends: Current volume (16,08,090) is slightly above the 1-week average (14,07,354), showing mild accumulation despite weakness.
🔑 Momentum Signals: Short-term signals suggest weak momentum but possible rebound from support zones.
💰 Entry Zone: ₹690–₹710 (near support at ₹688).
📉 Exit Zone: ₹770–₹800 (resistance near 50 DMA and trendline).
📌 Trend Status: The stock is consolidating with bearish bias, not yet reversing but showing potential for a short-term bounce if support holds.
Positive
- Strong quarterly profit growth (PAT up 45.2%).
- EPS of ₹22 with consistent ROE (14.8%).
- Volume slightly above average, indicating investor interest.
Limitation
- High P/E (32.7) compared to industry average (17.2).
- PEG ratio of 5.61 suggests expensive valuation.
- Trading below both 50 DMA and 200 DMA.
Company Negative News
- Debt-to-equity ratio at 3.33, indicating high leverage.
- Stock has corrected significantly from 52-week high of ₹1,027.
Company Positive News
- Quarterly PAT improved from ₹445 Cr. to ₹557 Cr.
- FII and DII holdings increased slightly, showing institutional confidence.
Industry
- Industry PE at 17.2, lower than SBICARD’s valuation.
- Credit card and financial services sector growing steadily in India.
Conclusion
⚖️ SBICARD is currently in a consolidation phase with bearish undertones. While fundamentals show profit growth, technicals suggest caution. Optimal strategy: accumulate near ₹690–₹710 support and consider booking profits around ₹770–₹800 resistance. Long-term investors should monitor debt levels and valuation premium.