South India Bank- Weekly Chart- Cup & Handle Breakout CMP 13 Buy For Target 17-20-23-28+ SL Below 9 Holding Period 1-2 Years
all details are in above chart... if you take trade before you analyse proper and take at your own risk...
From Last Year Stock is Trading Between this PRICE RANGE of 10.90 ---TO---4.80 good Channel pattern formed on higher time frame 4hr.. Gave breakout with heavy volume ...IT might be False On But i am bullish on this penny stock for Target of 30-50 Ruppes...in 2-3 years... Buy above only gave breakout to level of 11.85--11.90... For ShortTerm Target - 12,15,18,20...
This scrip is ready to give breakout on tomorrow as it is going to cross the trendline. So traders keep on your radar to catch the momentum.
Keep a track as it it attempting to break its falling trend line on a daily chart. Decent volume build up can be seen. Keep an eye for close above 11.10 for positive indication and confirmation. For education purpose only. Do ur own study please if u wish to invest.
Flag pattern is common and continuation chart pattern in trading. South Indian Bank forming Flag and pole pattern in daily TF 1. On 7th June it has formed a Bull candle before it showed exhaustion in bear candles and bears are tried to push the price down 2. Volume is key for any Breakouts and i am waiting for good breakout candle with high volume 3. 11.50 is...
South Indian Bank, breaks very strong resistance, Enter on buy side here with SL below 9.8. First Target 12.5 and Second target 17.5
Southbank can be added for investment purposes. trade @ own risk.
After a 2 year long downtrend, South India Bank has finally given a triangle pattern breakout in Daily charts with a huge volume outburst. LTP-11.30 Target price: 13.5/15/18.5 in short term Aim for 27-35 in Medium to long term Stop Loss- 9.65
buy @ 10.50 11 (coming to below support) tgt 15 18 20++ Sl-8
double bottom breakout was seen in south indian bank.
Buy For a Target of 11, Huge Breakout Possible Today
NSE:SOUTHBANK is showing similar patterns like other PSU banks. I have posted Central Bank of India's chart as well and I see huge potential to the Upside in both of them as per the Charts are concerned. Fundamentals of South Indian Bank are better than Central Bank though.
It has made the double bottom and has taken support at the demand zone and move ahead. RSI and ADX also indicating positive bios. Increasing in delivery volume indicated positive movement likely to happen. Price is likely to retrace from the bottom. We can expect the price movement upto 9.60 in the near term.
SOUTH INDIAN BANK EQUITY Levels...01/03/2021 (W Candle)
08 Dec 2020 CMP 9.55 Sustaining above 10 can see 12.50 / 18 SL 8 on Closing basis