South Indian Bank - Upward trend
Updated
Can call next level in month or so, to TP = 30,35
Didnt fall down much post results
RSI also near neutral stage
Price to book value: 1.15 (Safe)
Price to Sales: 0.81
Sl = 19
Didnt fall down much post results
RSI also near neutral stage
Price to book value: 1.15 (Safe)
Price to Sales: 0.81
Sl = 19
Note
Target 1 reached : 27 after consolidationIf Nifty moves towards bullish trend, TP= 30, 35
Trade active
Some consolidation and upward bullish trend could start as the scrip crosses resistance level in another 15-30 days (my call)Trade active
Closed at 28.15.. Upward trend with supporting accumulation to be seen.Trade active
Uptrend appears strong as to why bearish divergencies arent working as per MACD (momentum)Yet to see TP
Trade active
Going strong surpassing 52-week highTrade active
Where will it go?Double Dojis and spinning top candlestick pattern at the top of trend showing sign of clear indecisiveness and chance of reversal..
If bullish engulf, Surging to new heights :)
If bearish reversal follows, Planning to exit at 28-29
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