SBICARD is in a clear downtrend, with price trading below all key moving averages (5–200 DMA) and the setup showing 12/12 moving averages on Sell, indicating strong supply on every rise. Momentum is very weak: RSI(14) near 17, Stoch and StochRSI at oversold levels, MACD negative and ADX elevated all point to persistent bearish pressure despite being deeply oversold. As long as the stock stays below the pivot zone around ₹838–840, any pullback toward ₹855–870 is likely to face selling, keeping the bias negative toward supports near ₹835–832 and making it suitable for sell‑on‑rise trades with a tight stop above recent highs.
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