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THE SOUTH INDIAN BANK LTD
Long

SOUTHBANK Heads NORTH : Breakout Play

By Abhijit_Paul
SOUTHBANK breaks out of a daily consolidation with support from volumes. MACD indicator supports well with a positive cross as well as rising MACD Histogram. That means both trend and momentum are in favour of this move up. On the upside, immediate target comes in at 35-36 zone.
breakoutbreakouttradingChart PatternsmacdhistogramTrend Analysis
Abhijit_Paul
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