Technical Trend Overview and Price Movement
The stock closed at ₹784.00 on 24 Feb 2026, down slightly by 0.25% from the previous close of ₹786.00. Intraday, it traded between ₹780.00 and ₹792.30, remaining well below its 52-week high of ₹1,023.05 but comfortably above the 52-week low of ₹725.55. The current technical trend has shifted from mildly bearish to bearish, reflecting increased selling pressure and weakening momentum.
Daily moving averages reinforce this bearish stance, with the stock trading below key averages, signalling a downtrend in the short term. The bearish crossover in moving averages suggests that sellers currently dominate the market sentiment.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed scenario. On a weekly basis, the MACD remains bearish, indicating that the short-term momentum is still negative. The monthly MACD, however, is mildly bearish, suggesting that while the longer-term trend is weak, it is not decisively negative. This divergence between weekly and monthly MACD readings points to potential volatility and uncertainty in the stock’s price direction.
The Know Sure Thing (KST) indicator adds further nuance: it is bearish on the weekly chart but bullish on the monthly chart. This contrast implies that while short-term momentum is subdued, there may be underlying strength building over a longer horizon, which investors should monitor closely.
RSI and Bollinger Bands Analysis
The Relative Strength Index (RSI) shows no clear signal on both weekly and monthly timeframes, hovering in a neutral zone. This suggests that the stock is neither overbought nor oversold, leaving room for either upward or downward movement depending on market catalysts.
Bollinger Bands reinforce the bearish tone on the weekly chart, with the stock price gravitating towards the lower band, indicating increased volatility and potential downward pressure. On the monthly chart, the bands are mildly bearish, signalling a cautious outlook but not an outright sell-off.
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Volume and Trend Confirmation Indicators
On-Balance Volume (OBV) analysis shows no clear trend on the weekly chart and a mildly bearish stance on the monthly chart. This suggests that volume is not strongly confirming the price movements, which may indicate a lack of conviction among traders.
Dow Theory assessments reveal no definitive trend on the weekly timeframe, while the monthly outlook is mildly bearish. This aligns with the broader technical picture of cautiousness and potential for further downside unless positive catalysts emerge.
Comparative Performance Against Sensex
Examining SBI Cards’ returns relative to the Sensex provides additional context. Over the past week, the stock outperformed the Sensex with a 1.65% gain compared to the benchmark’s 0.02%. However, over the one-month period, SBI Cards lagged slightly, returning 1.72% against the Sensex’s 2.15%.
Year-to-date, the stock has declined by 9.02%, significantly underperforming the Sensex’s 2.26% loss. Over the last year, SBI Cards posted a negative return of 6.12%, while the Sensex gained 10.60%. Longer-term returns over three and five years also show underperformance, with the stock returning 6.09% over three years versus the Sensex’s 39.74%, and a negative 23.81% over five years compared to the Sensex’s robust 67.42% gain.
This relative underperformance highlights the challenges faced by SBI Cards in regaining investor confidence amid sectoral headwinds and broader market volatility.
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Mojo Score and Analyst Ratings
SBI Cards currently holds a Mojo Score of 50.0, placing it in the 'Hold' category. This represents an upgrade from its previous 'Sell' rating as of 20 Feb 2026, signalling a modest improvement in the stock’s outlook. The Market Cap Grade stands at 2, reflecting its mid-cap status within the Non Banking Financial Company (NBFC) sector.
The upgrade in rating is consistent with the mixed technical signals observed, where short-term bearishness is tempered by some longer-term bullish indicators. Investors should weigh these factors carefully, considering both the risks of continued downward momentum and the potential for recovery if positive market developments occur.
Outlook and Investor Considerations
In summary, SBI Cards & Payment Services Ltd is navigating a challenging technical landscape. The shift to a bearish trend, supported by daily moving averages and weekly MACD, suggests caution in the near term. However, the absence of extreme RSI readings and the bullish monthly KST hint at possible stabilisation or reversal over a longer timeframe.
Given the stock’s underperformance relative to the Sensex and the NBFC sector’s inherent volatility, investors should monitor key technical levels closely. A sustained move above the 50-day and 200-day moving averages would be a positive signal, while a break below recent lows near ₹725.55 could trigger further declines.
Ultimately, SBI Cards remains a stock for selective investors who can tolerate short-term fluctuations while watching for signs of trend confirmation. The current 'Hold' rating aligns with this cautious stance, recommending neither aggressive buying nor outright selling at this juncture.
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