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Abhijit_Paul

SOUTHBANK Heads NORTH : Breakout Play

Long
SOUTH INDIA BANK (NSE:SOUTHBANK)  
Abhijit_Paul  
NSE:SOUTHBANK   SOUTH INDIA BANK
Trend Analysis Chart Patterns breakout breakouttrading macdhistogram
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trendanalysis chartpattern breakout breakouttrading macdhistogram
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.
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