SBI Cards falls 7.85% and breaks bearish flag

SBI Cards fell 7.85% this week to ₹563.20 and broke a bearish flag on the weekly chart, hitting a fresh 52-week low. SBI Cards and Payment Services Ltd [

] fell 7.85% this week and closed at ₹563.20 on Thursday, 1 October 2026. The weekly low of ₹560.15 is a fresh 52-week low. The previous low was ₹565.45 on 11 June. The bigger trend is still lower highs and lower lows. The peak was ₹1,165 in September 2021. Later highs came near ₹1,027 in June 2025 and ₹965 in October 2025. Since June, the price formed a bearish flag on the weekly chart. This week it broke below the flag. The fall comes after a better Q1 FY27. Net profit rose 19.5% to ₹664 crore and gross NPA fell to 2.04%. Net interest income was flat at ₹1,676 crore, and the cost to income ratio rose to 58.7%. I found no company news behind this week's fall. The breakout of the bearish flag supports the downtrend, but a fresh low can also bring a bounce. The weekly RSI is 33.56, near the oversold zone. I am watching ₹550 as the first support, then ₹495, the May 2020 low. A weekly close above ₹610 would weaken the bearish pattern. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.