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SBICARD is forming a bearish engulfing on weekly charts

SBI CARDS & PAYMEN (NSE:SBICARD)  
sankatradesindia  
NSE:SBICARD   SBI CARDS & PAYMEN
Trend Analysis Chart Patterns Technical Indicators SBICARD
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trendanalysis chartpattern indicator sbicard
There is a bearing engulfing candle on SBICARDS.
The volumes are pretty good too.

There are two possible outcomes here:
1. Reversal from the support, as seen before (marked)
2. Further breakdown.


Ideas for trade: Wait for next trading session for a confirmation candle. Then take a trade.

No doubt, if there is a reversal from the support, then this could be a great trade on the long side.
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