#SOUTH INDIA BANK #NSE - SWING IDEAKEEP AN EYE ON SOUTH INDIA BANK.
BREAKOUT CANDIDATE.
For educational purpose only.
Not a Buy/Sell recommendation.
SOUTHBANK trade ideas
South Indian Bank-No More South 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 poised for a breakout is the rounding bottom pattern that is forming on its charts. This pattern is typically seen at the end of a downtrend, and it signals that a reversal is underway.
Another bullish factor for South Indian Bank is its attractive valuation. The stock is currently trading at a price-to-earnings ratio of 6.41, which is significantly below the industry average. This suggests that the stock is undervalued and has the potential to deliver significant returns to investors.
Overall, South Indian Bank is a stock that investors should be watching closely. The bank has all the ingredients in place for a sustained uptrend in the coming months.
Disclaimer: This is not financial advice. Please do your own research before investing in any stock.
SOUTHBANK breakout - bullish momentumSOUTHBANK 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
Elliott Wave Analysis for South Indian BankHello 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 Wave (3). This phase often brings significant changes and momentum.
Zooming in a bit, we spot smaller waves nested within this Wave (3) We've recognized two of these smaller waves – wave 1 and wave 2. The upcoming wave, known as the "Third of the Third," is unfolding and labeled as wave 3. This phase tends to be dynamic and energetic.
Delving even closer, we identify a tiny segment of this wave 3 known as wave (i) and wave (ii). Currently, wave (iii) is likely in progress, showing notable strength.
With all these wave labels in mind, South Indian Bank appears to be a potential candidate for race towards north way, where we anticipate a price can increase, so we can assume this as an Investment pick. However, always remember that trading is not a sure thing. Like life, surprises can happen.
In a nutshell, Elliott Wave analysis helps us understand how the market moves in a certain pattern. South Indian Bank's chart is showing something interesting, and we're excited to see where it goes next.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
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If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
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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LONG TERM SWING BUY TRADE OPPORTUNITY IN SOUTH BANKThe 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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South Indian Bank Analysis 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.
SOUTHBANK - INDIAN STOCKSNSE: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
South India Bank Swing1) 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% 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 21 per share on December 15, 2022.
South India BankSouth India Bank looking bullish, one can add this stock at cmp & place the stoploss at 15 & TGT Price 20+
SouthBank 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...
South Indian Bank in ConsolidationBank has completed wave three Now it in wave 4....since wave 2 was sharp and deep therefore, wave 4 would be side ways and seems to form a Traiangle... Stock may consolide here for some time.....
the south indian bankthe south indian bank will go till rupees 23 and take a resistance and drop down to the down trend
2.8 Years Multiyear Breakout at SOUTHBANK2.8 Years #Multiyear #Breakout at #SOUTHBANK (South Indian Bank Ltd) Weekly Chart. Its #Outperformed #Nifty
BSE: 532218
NSE : SOUTHBANK
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
breakout StockSouth indian bank heading toward 20
Below book value-28
Earning hints toward all time high.
Ultimate target can be 30+
Intermediate target 20- than one can hold for 28
SOUTHBANKSOUTHBANK:- Stock is about to give breakout after 5 years keep an eye on monthly chart
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SouthBank Buy Sell Zones Marked
Currently it's trading in non tradable zone but sooner when it will reach to respective demand zones we can add some quantity.
Long : South Indian BankUndervalued Stock
South Indian bank looks great from here for the Targets : 18, 22
Sl : 9
Is it time for South to "Swing" North?Thesis: Long term-Elliot Wave Analysis of South India bank reveals a possible long term ABC correction to Fib 50-61% levels with positive divergences developing on the long term momentum indicators and oscillators like RSI showing strength coupled with volume on key break-out levels. The breakout might be the start of new up-trend with a new cycle of impulse up-waves.
Possible Strategy: Go "Long" at current levels (8-8.2) for a possible swing trade target to 9 levels (Fib. 23.6% retracement level) with stop loss below 7.7 levels (below the Daily Bollinger Band/ swing low). The levels offer a 2:1 Reward:Risk ratio. Holding period could be a few days.
Manage Risk. Trade Well.
Cheers
N$
South Indian Bank provides retail and corporate bankingSouth 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.
