South India Bank - Powerplay
With the Bank Index been weak..its affected all the co's which even gave good results from the sector.
The bank seems poised for a move over the next few months with all its Ratios (Except CASA) being in optimal zone.
Long at current price with stoploss below 31 and this might even be one where you ignore the SL and instead average downwards.
There is slight overhand of a rights issue which might be holding down the price..Board meeting on 21st.
Might hit momentum above 36/37.
Would make for a stock where adding at CMP or as close to 31 and then again above 37.50 and again above 40 might make fora great pyramid to get a good allocation.
The bank seems poised for a move over the next few months with all its Ratios (Except CASA) being in optimal zone.
Long at current price with stoploss below 31 and this might even be one where you ignore the SL and instead average downwards.
There is slight overhand of a rights issue which might be holding down the price..Board meeting on 21st.
Might hit momentum above 36/37.
Would make for a stock where adding at CMP or as close to 31 and then again above 37.50 and again above 40 might make fora great pyramid to get a good allocation.
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