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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It 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,
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
