SBI Cards Stock Analysis
Analysis of SBI Cards Stock Idea
Current Price: ₹697.40
Technical Overview:
* Double Bottom pattern with breakout.
Target Levels:
* ₹850 (initial)
* ₹1,000 (extended)
* ₹1,100 (ultimate)
* Strong support around ₹650-₹700 from breakout zone.
Fundamentals:
* Leading credit card issuer in India with strong revenue and profit growth.
* Positioned to benefit from growing digital payment adoption in India.
* Key risks include exposure to credit defaults, but SBI backing mitigates risk.
This could be a solid opportunity if the trend holds.
Join Now: buff.ly/3Aul3pI
Current Price: ₹697.40
Technical Overview:
* Double Bottom pattern with breakout.
Target Levels:
* ₹850 (initial)
* ₹1,000 (extended)
* ₹1,100 (ultimate)
* Strong support around ₹650-₹700 from breakout zone.
Fundamentals:
* Leading credit card issuer in India with strong revenue and profit growth.
* Positioned to benefit from growing digital payment adoption in India.
* Key risks include exposure to credit defaults, but SBI backing mitigates risk.
This could be a solid opportunity if the trend holds.
Join Now: buff.ly/3Aul3pI
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