South Indian Bank - Upward trend

65 2
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
May 26
Comment: Target 1 reached : 27 after consolidation
If Nifty moves towards bullish trend, TP= 30, 35
May 29
Trade active: Some consolidation and upward bullish trend could start as the scrip crosses resistance level in another 15-30 days (my call)
May 31
Trade active: Closed at 28.15.. Upward trend with supporting accumulation to be seen.
Jun 08
Trade active: Uptrend appears strong as to why bearish divergencies arent working as per MACD (momentum)
Yet to see TP
Jun 21
Trade active: Going strong surpassing 52-week high
Jul 28
Trade 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
Any Upside still Remaining?
amankavi allaboutstockmarket
@allaboutstockmarket, I think so.. yet to see crossing resistance levels :)
The scrip has not much major corrections when banknifty went on downside
Price to book value: 1.16 so not much risk to play on..
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