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.
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...
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
Stock Posted bad result there is NPI is problem so avoid this stock in this quarter and there 30 is looking like top in southbank for short term so 30 is resistance buy only above that below can sell for 25-23
It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days.
On verge of Breakout:
1. Hindpetro
2. South Indian Bank
Successful Breakout:
1. Hexaware
2. SRF
Regards
The Chart is having multiple Resistance at this level. Yesterday's price movement at double top region is suggesting a potential short. Pitchfork handler is showing good frequency around it so price may follow it. The Trade is available with small Stop Loss so worth taking risk.
