k314

SOUTHBANK buy setup

Long
NSE:SOUTHBANK   SOUTH INDIA BANK
Buy SOUTHBANK above 26

T1: 28.50
T2: 30

SL: 24.50
Trade active
Trade active

Comments

just to discuss a contra view sir...
resistances..
1. the ichimoku resistance could over head, 0.382 n 0.5 levels of resistance to be crossed
2.upper band of keltner channel touch
3. nifty 50 at the same time looks to be heading into resistance area
4.Rsi @60
5.bank nifty in a bearish cypher pattern
positive...
1.excellent volume breakout of the channel and closed well above in to the ichimoku cloud
2.support taken from the median line of the pitchfan
3.50dma crossed with good volumes(not shown)





P.s-I am a fan of your ideas...keep up the good work going...

Reply
capsule91 capsule91
@capsule91, to me this is a too much volatile setup to take trade
Reply
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