South Indian Bank Breakout seen in South Indian Bank
*Investment in Equity are subject to market risk do own research before start investing in Equity.
Southindiabank
Technically break out South Indian bank technically breakout and shows good returns for last year.Now they are increasing their investment on advances like loans.
#SOUTHBANK LONG TRADE IDEA SETUPGreetings 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
SOUTH INDIA BANK - MULTIBAGGER STOCK???BUY - SOUTH INDIA BANK
CMP - Rs. 18
Target - 1: Rs. 25
Target - 2: Rs. 33
Target - 3: Rs. 42
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Technicals - Bullish Flag BO
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Note: Target 1 will be achieved within 1 year, Target - 2 within 1.5 years, and Target - 3 in 2-2.5 years.
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This is just a view by an expert analyst, please invest at your own risk.
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South Indian Bank breakoutIt has closed above 200EMA
RSI has given a break out and it is moved up from the oversold zone.
MACD bullish cross over has happend.
Till the breakout volumes were dried up and on the break out volumes are comparatively larger.
This could be good opportunity to get in for long.
Please comment your views.
Thanks,
South Indian Bank Nice buy setup Very high probability setup in making let price break previous low, there is also trend line support look for bounce from there, how far it can go is kinda early to tell, monthly view suggest it might go pretty high, but still be cautious after it break previous high.
Good luck
SOUTH INDIAN BANK levels...04.10.2021 ( W candle)SOUTH INDIAN BANK travelling in clear trendline...so we follow that trend until its break...it can be multibagger in long term
South Indian Bank, Trend changeSouth Indian Bank, breaks very strong resistance, Enter on buy side here with SL below 9.8.
First Target 12.5 and Second target 17.5
