Flag pattern is common and continuation chart pattern in trading. South Indian Bank forming Flag and pole pattern in daily TF 1. On 7th June it has formed a Bull candle before it showed exhaustion in bear candles and bears are tried to push the price down 2. Volume is key for any Breakouts and i am waiting for good breakout candle with high volume 3. 11.50 is...
South 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
After a 2 year long downtrend, South India Bank has finally given a triangle pattern breakout in Daily charts with a huge volume outburst. LTP-11.30 Target price: 13.5/15/18.5 in short term Aim for 27-35 in Medium to long term Stop Loss- 9.65
NSE:SOUTHBANK is showing similar patterns like other PSU banks. I have posted Central Bank of India's chart as well and I see huge potential to the Upside in both of them as per the Charts are concerned. Fundamentals of South Indian Bank are better than Central Bank though.
SOUTH INDIAN BANK EQUITY Levels...01/03/2021 (W Candle)