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...
Bank 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.....
2.8 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...
South 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
SOUTHBANK:- 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.
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