Chandu_25

South Indian Bank breakout

Long
NSE:SOUTHBANK   SOUTH INDIA BANK
It has closed above 200EMA
RSI has given a break out and it is moved up from the oversold zone.
MACD bullish cross over has happend.

Till the breakout volumes were dried up and on the break out volumes are comparatively larger.

This could be good opportunity to get in for long.

Please comment your views.

Thanks,
Trade closed: stop reached