SOUTHBANK trade ideas
SOUTHBANK Results this week expected to be goodThe results of SOUTHBANK are expected to be in line with estimates so we can enter above 16 SL 15.2 Target 18++
South Bank trading near strong resistance or fiboo levelSouth Bank trading near strong resistance or Fibonacci level.
SOUTHBANK: BUY at 14.4 Target 16.4 Stop loss 13.4SOUTHBANK traded on NSE with 7 times its average volumes gaining 16% in trade. Signifies a pullback rally. Buy SOUTHBANK on NSE at 14.4 Target 16.4 and Stoploss of 13.4
south indian bank- Investment IdeaSouthbank is resting on the support zone from where it has been picked to form higher highs in the recent past. Keep under observation or invest for long term perspective. The same levels have earlier acted as resistance and have now transformed into support.
SIB. Inverted Cup & HandleSouth Indian Bank, Inverted Cup & Handle pattern forming. Short can be initiated for target of Rs.20.20. SL of 25.
South Indian Bank : Ideally Reversed After Forming Harmonics !!!Dear All , Everything is mentioned over the Chart ... Good Luck !!!
LONG SOUTHBANKI hope you can now see how SOUTHBANK CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
Thanks for reading ,Good Luck , Happy trading!
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
SOUTHBANK: Sell at 23.75 Stop-loss at 24.5 Target of 22.15SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
SOUTH INDIAN BANK FINALANDREW PITCHFORK+BULLISH REVERSE DIVERGENCE+BEAR CRAB+BULL CYPHER IN FORMATION
1.Andrew pitchfork- reflection from the median line and heading back to the outer red line
2.A bearish Crab leading to the formation of a bullish cypher which is to be completed when the price touches the outer median line of the pitcfork. The cypher also completes at the 0.618AX of the bar crab and is presently being supported by the 0.382AX of the bear crab ..
3.the cypher will launch the bull trend whose resistance level is 0.618DC which matches the green 382 line of the pitchfork , thus it can be said it is a true resistance the price would feel on the upmove..
4.Further upmove is expected as the median line acts as a price magnet , and the point of touch of the median line is expected to be the 1,618XA o the bear crab we just had formed...
DISCAILMER... this is not an investing/trading advice..
SIB support @ 25on weekly chart SIB looks good for trade @ 25 providing good support, at downside risk of 20 it could be a good bet for long term investors, providing a 1:2 Risk to Return from its 52 week high.
