#SBICards – Monthly Technical View


SBI Cards continues to trade within a larger corrective structure and is currently approaching the completion of the C-wave near a crucial demand zone around ₹575–₹637. Price action suggests that sellers remain in control, but the downside appears to be entering a region where a medium- to long-term reversal could begin.
A failure to hold this support may lead to an extended B-wave correction toward the ₹455–₹488 zone before a sustainable bottom is formed. However, if buyers defend the current support and confirmation of accumulation emerges, the stock could initiate the next impulsive leg toward the ₹1,400–₹1,460 supply zone over the coming months.
The current phase calls for patience rather than aggressive positioning. Traders should wait for price confirmation and improving momentum before considering bullish exposure.
⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research (DYOR) and consult a qualified financial advisor before making any investment decisions.
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