SOUTH INDIAN BANK TREND NOW
Updated
TREND - NEGATIVE
PRESENT ZONE-
Rebounding from demand zone 1.
FORECAST -As per ZONE
must cross above prev high.but will encounter lots of supply zones.
requires gap up or positive news flow.
MY TAKE-
caught between supply and demand zones.Grinding expected with negative bias.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON
PRESENT ZONE-
Rebounding from demand zone 1.
FORECAST -As per ZONE
must cross above prev high.but will encounter lots of supply zones.
requires gap up or positive news flow.
MY TAKE-
caught between supply and demand zones.Grinding expected with negative bias.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON
Note
FROM 25.85 27.15 full of supply zones.gap up required.
other wise will slowly grinding up
Note
Crossed supply zones after grinding as told.once 28 crosses 29.65 target
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