1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

South Indian Bank

Discussion in 'Technical Analysis' started by masihpatel, Jun 27, 2014.

Tags:
  1. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Hi Shabbir, it is on the verge of giving break out after couple of years (5years chart attached). Is it a buy above 31, with SL of 27? Please share your view.
     

    Attached Files:

    masihpatel, Jun 27, 2014
    Share #1
    shwetagnema likes this.
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes and spot on with stop loss of 27
     
    shabbir, Jun 28, 2014
    Share #2
    masihpatel likes this.
  3. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Thanks Shabbir for sharing your view.
     
    masihpatel, Jun 28, 2014
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    The pleasure is all mine.
     
    shabbir, Jun 28, 2014
    Share #4
  5. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Made a high of 31.8 till now.
     
    Last edited: Jun 30, 2014
    masihpatel, Jun 30, 2014
    Share #5
  6. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    I am holding south indian bank 200 shares @31.
    looks like South indian bank formed W pattern.
    Please confirm.

    Can we enter again @CMP with SL 27.
     
    myidgmc, Dec 9, 2014
    Share #6
  7. shwetagnema

    shwetagnema Active Member

    Joined:
    Jun 24, 2012
    Messages:
    252
    Likes Received:
    40
    Occupation:
    House wife
    this stock is looking good but 30 is a strong resistance level. until it settles over 30, I would not like to buy. so right now wait and watch for me. I would also like to know other opinions
     
    shwetagnema, Dec 9, 2014
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Not a W but then around 20 has formed a solid support and so that should be good for you.
     
    shabbir, Dec 9, 2014
    Share #8
  9. siva934127

    siva934127 Member

    Joined:
    Nov 7, 2012
    Messages:
    195
    Likes Received:
    10
    Right now market sentiment is weak, so better to avoid.
    please find the attachment.

    Thanks,
    Siva
     

    Attached Files:

    siva934127, Dec 9, 2014
    Share #9
    shabbir likes this.