TREND POSITIVE
above weekly,daily DL
PRESENT ZONE-Between S1 & S2.
SUPPLY ZONE 1 taken out with good volume.
But above weekly supply zone 2 & S3,S4 are there.
Below Demand zones 1,2 formed
FORECAST -as per ZONE
lot of effort required to go up.
MY TAKE
May slowly go up to S2/S3.
SUPPLY & DEMAND ZONES
Only check SUPPLY & DEMAND Zones.Tension Free
NO...
Greetings 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 Indian Bank has made significant strides in recent years to regain its lost position in the banking sector. The bank has improved its financial performance, strengthened its balance sheet, and expanded its reach. It is now well-positioned to achieve new milestones in the near future.
One of the key technical indicators that suggests South Indian Bank is...
SOUTHBANK breakout - bullish momentum
chart analysis
1) long time resistance is now converted into a support region
2) Breakout - consolidation - breakout
this is just a view and trade at your own risk
Hello Friends
Imagine we're reading South Indian Bank's story through a series of waves on a chart – each wave has its own label and meaning.
Looking at the larger picture, we've observed two distinct waves. The first one climbed up and was labeled as Wave (1), while the second one descended and was labeled as Wave (2). Now, a new wave is beginning, labeled as...
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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The stock has strongly broken the daily and Weekly Range.
Please refer the Chart for SL and TARGETS.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Stock is near to 52W high BO with strong volume spike maintaining supportive trendline, may break its ATH soon, follow chart for proper entry and exit levels.
NSE:SOUTHBANK
* Expecting SOUTHBANK to " GO DOWN" ( SHORT)
* am expecting 10% down in SOUTHBANK and take TREND LINE support
* always give time for stocks/crypto to perform
1) Weekly Timeframe has tested it weekly structure
2) Daily Timeframe has tested daily structure and filled the gap
3) 4HR Timeframe is also bullish
All timeframes are in alignment of each other
South Indian Bank jumps 12% after it clocks robust March quarter results
In the past one month, shares of South Indian Bank soared 20 per cent, as against a 2 per cent rise in the S&P BSE Sensex
In the past one month, shares of South Indian Bank soared 20 per cent, as against a 2 per cent rise in the S&P BSE Sensex. Earlier, the stock had hit a 52-week high of Rs...
Please see the previous post, stock has till moved exactly as projected and looks completed the triangle pattern. Now it can start upward journey if it doesn't go in double correction. Target shown...
