FOR LEARNING PURPOSE
SOUTH INDIAN BANK LTD- The current price of SOUTH INDIAN BANK is 34.26 rupees
I am going to buy this stock because of the reasons as follows-
1. Its making 52W high with some good volume (sign of strength)
2. It got a great buying force and moved up by 440% in 2022-2023 (which shows smart money)
3. It is showing better relative strength as it stood strong in volatile times including last few weeks.
4. The risk and reward is favourable. The good part- The stock is not extended.
5. The stock can be a good turnaround story if it does great in coming time.
6. The stock has got a good catalyst and that is- Mutual Funds and FIIs have increased their stake in this stock.
They have gone aggressive in that.
7. Another good part- The sector is looking bullish. Private Bank sector is getting better and things go well, we can see ATH soon in this sector.
I am expecting more from this in coming weeks
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 29.80 rupees
I will be managing my risk.
SOUTH INDIAN BANK LTD- The current price of SOUTH INDIAN BANK is 34.26 rupees
I am going to buy this stock because of the reasons as follows-
1. Its making 52W high with some good volume (sign of strength)
2. It got a great buying force and moved up by 440% in 2022-2023 (which shows smart money)
3. It is showing better relative strength as it stood strong in volatile times including last few weeks.
4. The risk and reward is favourable. The good part- The stock is not extended.
5. The stock can be a good turnaround story if it does great in coming time.
6. The stock has got a good catalyst and that is- Mutual Funds and FIIs have increased their stake in this stock.
They have gone aggressive in that.
7. Another good part- The sector is looking bullish. Private Bank sector is getting better and things go well, we can see ATH soon in this sector.
I am expecting more from this in coming weeks
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 29.80 rupees
I will be managing my risk.
Trade With Bhushan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade With Bhushan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.