SOUTHBANK 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
ANDREW 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...
on 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.
08-01-2018 Buy with CMP, SL 30 (CB), Target 38, 42 Can do in two months..
NSE:SOUTHBANK has been consolidating for past 3 months and its near its key resistance breaking above can take it 40 levels. Go long above 33.50 T1 37.35 T2 40.90 SL 30.50
Buy Here at CMP- 31.30 Targets are 33.50-34 Above 35 Close Fresh Breakout For 40+ Long Term Targets are 100+ Short Term Stop loss - 30 Closing Basis Long Term Stop loss - 27 Closing Basis
NSE:SOUTHBANK has broken above cup & handle pattern. Go long above 33.30 T1 35.85 T2 38.60 T3 41.65 SL 30.50
SOUTHBANK breaks out of a daily consolidation with support from volumes. MACD indicator supports well with a positive cross as well as rising MACD Histogram. That means both trend and momentum are in favour of this move up. On the upside, immediate target comes in at 35-36 zone.
Classic pattern of rounding bottom positional buy between 27-30 SL 20 Trgt 45-50 (time frame) 6-8 month
big move expected in south bank , accumulate with 29.5 sl for 36-38 targets
SOUTHBANK is on the verge of breaking the Symmetrical Triangle pattern. It has strong support at 28.30 and has been trading in the range of 28.30 to 29.60 for past 7 days. One can go long on confirmation of breaking above the triangle pattern.
Buy SOUTHBANK above 29.4 SL: 28.45 Target: 30.5
NSE:SOUTHBANK will lead to 49-50 zones if it closed above the supply zones highlighted in the chart on Friday. Whether this or coming .
Stock Posted bad result there is NPI is problem so avoid this stock in this quarter and there 30 is looking like top in southbank for short term so 30 is resistance buy only above that below can sell for 25-23
SOUTHBANK may fall towards 26. Stoploss 28.7
Can call next level in month or so, to TP = 30,35 Didnt fall down much post results RSI also near neutral stage Price to book value: 1.15 (Safe) Price to Sales: 0.81 Sl = 19