Undervalued Stock South Indian bank looks great from here for the Targets : 18, 22 Sl : 9
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...
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.
It has closed above 200EMA RSI has given a break out and it is moved up from the oversold zone. MACD bullish cross over has happend. Till the breakout volumes were dried up and on the break out volumes are comparatively larger. This could be good opportunity to get in for long. Please comment your views. Thanks,
Buy - Only Near 9 / After Sustaining Above 10 For A Week. SL - Below 8 Daily Weekly Closing Basis Target-15-20-25++ Time Frame - As Per Your Mind. Penny Stock But Looks Very Good For In Portfolio. Must Have This At Thrown Away Prices.
Buy- 9.50-10 SL - 9 Below Daily closing Basis.. Target - 14-18-20++ Time Frame - 3 -4 Months No One Can Get The Risk Reward This Much Favorable.. Grab It With Both hands.. But For Patient Investrors ONly..
Very high probability setup in making let price break previous low, there is also trend line support look for bounce from there, how far it can go is kinda early to tell, monthly view suggest it might go pretty high, but still be cautious after it break previous high. Good luck
South india bank is gearing up and is bullish on chart. RSI above 50% with positive momentum. MACD is also in favor. 20 and 50 DMA is acting as good support and favoring the upward movement. Price action is range bound and is just bouncing back from its lower support. We can see the upward journey very soon. Disclaimer: This is for educational purpose. This is...
south india bank technical analysis 50 SMA support channel range Resistance becomes support
SOUTH INDIAN BANK travelling in clear trendline...so we follow that trend until its break...it can be multibagger in long term
SOUTHBANK 11.30 buy 9.50 stop loss - Target owr risk
tgt date 1 march 2023 ... hold till for target ....
It is n verge of crossing its 200EMA which s at 9.7 and also RSI is reversing from over sold zone, MACD cross over is happening. Once it crosses and settles above 200EMA then it will go uo to 10.10, 11.3, 12, 13++ soon with a sl of 8 on closing basis. Today cash volumes are also very good. This is for educational purpose and any position shall be taken after...
Buy-9.50-9 SL-7.5 Below Daily Closing Basis Target-11-13++ After A Healthy Correction The Stock Is Trading Around Support.. Accumulate It.. Do Note-- Penny Stock ( Remember The Risk Involved)..
SOUTHBANK | Channel breakout - Previous resistance now support - Investment opportunity for 160% CMP : 12.90 (Dip : 12) SL : 11 Target : 18,33
This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk
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Good to add near 12.50-11.50 SL below weekly supertrend 9.30 Target 2x