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Price and trend forecast of SBICARD for Tomorrow, Weekly, Monthly

SBI Cards and Payment Services Limited

Symbol: NSE:SBICARD

ISIN: INE018E01016

737.65

As on 2024-04-12

678.90 (52W Low) 933.00 (52W High)

SBICARD's Today's Performance

SBI Cards and Payment Services Limited started the day by opening at 747.00 today 2024-04-12. Its shares reached a high of 750.05 and dipped to a low of 735.20 in intraday. When the markets closed, SBICARD’s stock price settled at ₹737.65 per share. Also check out its key support and resistance levels.

SBICARD Buy/Sell Targets

Tomorrow, sell SBICARD when its price reaches ₹ 737.65 with a stop-loss order at ₹ 747.27. You can set the target price as ₹ 728.03 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SBICARD for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for SBICARD

Resistance Levels Value in ₹
Tomorrow Resistance 1 747
Tomorrow Resistance 2 756
Tomorrow Resistance 3 762

Important Supports for SBICARD

Support Levels Value in ₹
Tomorrow Support 1 732
Tomorrow Support 2 726
Tomorrow Support 3 717
Based on where the stock opens tomorrow, if SBICARD opens on a positive note, our first target will be ₹747. If Target 1 is achieved, we will aim for Target 2 which is ₹756.

But if SBICARD falls below the average value of ₹740.97, you can enter a sell side position with target number 1 - ₹732 and second target - ₹726 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SBICARD

Looking at SBICARD, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SBICARD has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SBICARD is moderate bullish.

Tomorrow's Volume based share price Forecast for SBICARD

SBICARD's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -33%.

Reversal detection for SBICARD

Predicted trend chart of SBICARD tomorrow for price forecast
SBICARD may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹750 in morning tomorrow
Target 1 tomorrow747
Target 2 tomorrow750
Target 3 tomorrow756
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SBICARD's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SBICARD opens on a positive note, our first target will be ₹746.73. If Target 1 is achieved, we will aim for Target 2 which is ₹755.82.

But if SBICARD falls below the average value of ₹740.97, you can enter a sell side position with target number 1 - ₹731.88 and second target - ₹726.12

SBICARD's Weekly Targets
1st Up Target 755.58
2nd Up Target 773.52
1st Down Target 721.08
2nd Down Target 704.52

As the week for SBICARD ended on bearish sentiments, we can expect further continuation of this sentiment. SBICARD's initial target will be 755.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 721.08 in the upcoming week.

Weekly OHLC Values
Open 742.50
High 756.95
Low 722.45
Close 737.65

Week for SBICARD started with an open price of 742.50, and the close was at 737.65. SBICARD reached the highest of 756.95 and dipped lowest up to 722.45 last week. This indicates a bearish sentiment for the week.

SBICARD full month swing targets
Monthly Up Target 1 790.08
Monthly Up Target 2 808.02
Monthly Down Target 1 686.58
Monthly Down Target 2 635.52

Targets of ₹790.08 can be expected to be reached in the coming month. Once SBICARD achieved this target, we can aim for the next upside target of ₹808.02.

SBICARD if fails to hold upside, down targets of ₹686.58 and ₹635.52 can be achieved by end of this month.

For complete three weeks if SBICARD is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as SBICARD

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

SBICARD is expected to reach the target of 746.73 in tomorrow's trading session.

After achieving the initial target in SBICARD, we will aim for higher targets of 755.82 tomorrow.

However, if SBICARD starts to trade below ₹740.97, then we will shift our focus to the sell side and aim for down targets of 731.88 and 726.12.