Short SOUTHBANK below 18.20 T1: 17.50 T2: 17.00 SL: 18.90
SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
Buy SOUTHBANK above 29.4 SL: 28.45 Target: 30.5
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
SOUTHBANK has given a head and shoulder break out pattern i.e bullish in nature, watch near dip for target 28.3/ 31 stop loss below 20.
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.
The stock has given Flag breakout today and Bullish Wolfe wave is already in action therefore one can expect the price to reach around 23.50. Good risk to reward
What's cooking in South Indian Bank?