South Indian Bank Long Trade Strategy
We can entry a trade if it gives a clear green candle breakout above 25rs in a day chart, and expect a level of 30rs as first target and if it breaks above 30rs we can expect the stock to reach its all time high of 37rs, Make sure to set a stoploss just below the breakout candle.
If the stock breaks downwards it may reach a level of 20rs in upcoming days, so lets wait for an confirmation candle to activate the trade.
Cheers happy trading!
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
If the stock breaks downwards it may reach a level of 20rs in upcoming days, so lets wait for an confirmation candle to activate the trade.
Cheers happy trading!
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Note
Price has falled below 24rs Next support is at 22rs 20rs and 18rs
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