Stock has breakout and retest from rounding bottom pattern and also trading all time high levels by breaking 2018 levels and ready to fly from current levels. Can initiate long at current levels with risk @ 33.
Analysis for educational purposes only. I am not a registered analyst.
This is continuation of:
Target reached today 24th Jan. what next?
Possible options:
- exit fully
- exit partially
How to plan for exit?
- Is there another target nearby? Yes there is. Join previous HH in monthly chart.
- Do we see a breakout in another timeframe? Price is close to...
📊 DETAILS
Sector: Bank - Private
Mkt Cap: 5,828 cr
South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.
TTM PE : 6.37 (Average PE)
Sector PE : 25.57
Beta : 0.77
📚 INSIGHTS
Mid-range performer
Stock...
With good news coming via better valuations + low net NPA's.
Long at CMP and add further above 35/36. (ATH breakout)
This is more an investment pick.
Keep a trailing SL at the 50EMA.
First it was in a parallel zone then it broke but did not sustained upside and came back back to zone but this time it has broke the zone with high volume likely to continue upside momentum.
Analysis for educational purposes only. I am not a registered analyst.
A Higher High Higher Low structure on price action is considered as an uptrend.
- In the daily chart, we see a breakout of previous Higher High.
- Wait for Higher High retest and enter somewhere close to it.
- Cannot expect a stock to test the exact same value.
- Set SL as previous HL or in...
SIB - After long consolidation in a channel that got broken with volume. We can see 35+ immediate and once it crossed the target is open till 100+ mark in mid term to long term
Chart Analysis:
The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities.
Technical Indicators:
Uptrend Confirmation: The stock's established uptrend is a...
Chart Analysis:
The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities.
Technical Indicators:
Uptrend Confirmation: The stock's established uptrend is a...
TREND - NEGATIVE
PRESENT ZONE-
Rebounding from demand zone 1.
FORECAST -As per ZONE
must cross above prev high.but will encounter lots of supply zones.
requires gap up or positive news flow.
MY TAKE-
caught between supply and demand zones.Grinding expected with negative bias.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for...
