SBICARD: Preparing for a breakout

3 Sep

SBICARD: LONG TERM INVESTMENT IDEA: Stock listed during corona-crisis and bottomed out in May-2020. After that stock gave a decent return in next one year and made a high of 1165 in Sep'21 when Nifty peaked. From there stock corrected lower and again reached to the listing price range and started showing some early signs of reversal. The current prices action suggests that stock is looking good for new all time high. Buy and hold for long term perspective keeping SL of 600 (Clbs).