1) 14.10 - 16.50 -> strong supply zone 2) Wave 4 seems to be completed in this impulse move with ABCDE corrective pattern completed. 3) If this wave sustains over 21.70, confirmation of wave 5 is done. 4) Targets -> 25.30, 32.75 Views are personal, only for knowledge sharing. Not a recommendation.
📊 DETAILS Sector: Bank - Private Mkt Cap: 5,828 cr South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business. TTM PE : 6.37 (Average PE) Sector PE : 25.57 Beta : 0.77 📚 INSIGHTS Mid-range performer Stock...
Greetings Folks, today i have prepared a setup of SPUTHBANK on NSE the analysis is as follows- - The price made a minor change of character - its not speculating in a famous pattern used by retailers - my current bias is bullish, so i am looking for bullish breakout don't play with fire, always use a predefined stoploss
Hello Friends Imagine we're reading South Indian Bank's story through a series of waves on a chart – each wave has its own label and meaning. Looking at the larger picture, we've observed two distinct waves. The first one climbed up and was labeled as Wave (1), while the second one descended and was labeled as Wave (2). Now, a new wave is beginning, labeled as...
The stock has strongly broken the daily and Weekly Range. Please refer the Chart for SL and TARGETS. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your...
Look fresh in range 17-19 for upside 25 in med term with SL 15..!!!
SOUTHBANK:- Stock is about to give breakout after 5 years keep an eye on monthly chart Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the...
Currently it's trading in non tradable zone but sooner when it will reach to respective demand zones we can add some quantity.
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Southbank can be added for investment purposes. trade @ own risk.
It has made the double bottom and has taken support at the demand zone and move ahead. RSI and ADX also indicating positive bios. Increasing in delivery volume indicated positive movement likely to happen. Price is likely to retrace from the bottom. We can expect the price movement upto 9.60 in the near term.
08 Dec 2020 CMP 9.55 Sustaining above 10 can see 12.50 / 18 SL 8 on Closing basis
Share has broken long term bear trend from sep 2018 now seems have found the bottom.. this year chart pattern showing "flag pattern " and may see a breakout soon -Company has changed their CEO 2 months only back..so hoping for new management upliftment -South Indian Bank on Friday said its board has approved raising up to Rs 1,250 crore through a combination of...
Share has broken long term bear trend from sep 2018 now seems have found the bottom.. this year chart pattern showing "flag pattern " and may see a breakout soon -Company has changed their CEO 2 months only back..so hoping for new management upliftment -South Indian Bank on Friday said its board has approved raising up to Rs 1,250 crore through a combination of...
Buy SOUTHBANK for the target of 10+ Stoploss around Rs. 6.... ..............................
icici bank breached trendline and previous support zone continously stay below a sign of caution for bulls can slide to deep red zone and could lead bank nifty lower the price possibly can slide to 400/408 zone in coming days it good only if successfully close and sustain above 432 zone !
SOUTHBANK traded on NSE with 7 times its average volumes gaining 16% in trade. Signifies a pullback rally. Buy SOUTHBANK on NSE at 14.4 Target 16.4 and Stoploss of 13.4