SBI Cards & Payment Services Ltd broke out from its February 2025 consolidation range to hit a 52-week high.
Synopsis
SBI Cards & Payment Services Ltd broke out from a consolidation phase to reach a 52-week high, with experts suggesting a potential rise to Rs 900 in 2-3 weeks. The stock demonstrated strong momentum, surpassing previous resistance levels. It is recommended for short-term traders, with RSI and MACD indicators showing positive signs, suggesting further upward movement.
SBI Cards & Payment Services Ltd, part of the NBFC space, witnessed a breakout from the consolidation range since February 2025 on the weekly charts to hit a fresh 52-week high.Short-term traders can look to buy the stock for a possible bounce back towards Rs 900 levels in the next 2-3 weeks, suggest experts.The NBFC stock got stuck in a range since February 2025 where Rs 871 acted as a stiff resistance on the daily charts while on the downside
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