SBICARDS CMP Rs.928 TARGET 942, SL 920.

SBICARDS CMP Rs.928 TARGET 942, SL 920.

The stock is trading in a falling channel with a divergence on RSI. It’s on high probability that it will break the descending channel and re-test the resistance of Rs.942-944. The risk starts below the price level of Rs.920.

SBI Cards & Payment Services, a prominent player in the Non-Banking Financial Company (NBFC) sector, experienced a decline of 3.07% on June 30, 2025. This drop comes after a brief period of gains, marking a trend reversal as the stock fell following two consecutive days of positive performance. The stock reached an intraday low of Rs 962.25, reflecting a decrease of 3.11%.

In terms of moving averages, SBI Cards is currently positioned higher than its 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day and 20-day moving averages. This indicates a mixed short-term performance relative to longer-term trends.

On the broader market front, the Sensex opened flat but subsequently fell by 480.91 points, closing at 83,546.42, a decline of 0.61%. Despite this, the Sensex is still close to its 52-week high, trading above its 50-day moving average, which is a positive indicator for the overall market. In comparison, SBI Cards has shown strong performance over various time frames, including a year-to-date increase of 45.14%.