amankavi

South Indian Bank - Upward trend

Short
amankavi Mis à jour   
NSE:SOUTHBANK   SOUTH INDIA BANK
1
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
Commentaire:
Target 1 reached : 27 after consolidation
If Nifty moves towards bullish trend, TP= 30, 35
Transaction en cours:
Some consolidation and upward bullish trend could start as the scrip crosses resistance level in another 15-30 days (my call)
Transaction en cours:
Closed at 28.15.. Upward trend with supporting accumulation to be seen.
Transaction en cours:
Uptrend appears strong as to why bearish divergencies arent working as per MACD (momentum)
Yet to see TP
Transaction en cours:
Going strong surpassing 52-week high
Transaction en cours:
Where will it go?
Double Dojis and spinning top candlestick pattern at the top of trend showing sign of clear indecisiveness and chance of reversal..
If bullish engulf, Surging to new heights :)
If bearish reversal follows, Planning to exit at 28-29

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