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United Bank and South Indian Bank

Discussion in 'Technical Analysis' started by naveen1241, Dec 26, 2013.

  1. naveen1241

    naveen1241 Responder

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    Please share views on United Bank and South Indian Bank. Expecting both technical and fundamental views.

    Thanks
    Naveen
     
    naveen1241, Dec 26, 2013
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  2. yankeedin

    yankeedin Responder

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    United bank and South Indian bank both are in downtrend. Strict no for buy in these counter.

    But south indian bank has got strong support at 19

    Both are short candidate as of now.

    Fundamentally South Indian bank looks much better.
     
    yankeedin, Dec 26, 2013
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  3. naveen1241

    naveen1241 Responder

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    Thanks for sharing your views. :)
    Others follow please.

    Regards
    Naveen Natarajan
     
    naveen1241, Dec 26, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Indian Bank buy above 115ish with SL of 100 and 90. Target should be twice the SL

    South Indian Bank no clear pattern technically
     
    shabbir, Dec 26, 2013
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  5. naveen1241

    naveen1241 Responder

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    Hi Shabbir

    Thanks for your opinion. I was asking about UNITED BANK OF INDIA. Infact I wanted to know about Indian Bank as well and got in to Indian Bank today. Would like to know if any one is looking in to some other stock to buy today.

    Warm Regards,
    Naveen Natarajan
     
    naveen1241, Dec 27, 2013
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  6. naveen1241

    naveen1241 Responder

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    I,m keen to buy in to United Bank. If anyone wants to dissuade me or like to suggest a better stock, I would be grateful.

    Thanks in advance.

    Naveen Natarajan
     
    naveen1241, Dec 27, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    I would not as of now but not sure if I would recommend you better stocks because there are quite a few being discussed in forum that you can look into.
     
    shabbir, Dec 27, 2013
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  8. naveen1241

    naveen1241 Responder

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    Thank you Shabbir.

    I'm sitting on a 30% profit in Canara Bank and 15% in Dena Bank. Is it advisable to hold on or switch to some other stock which hasn't performed yet and are still good stocks. Or even better to sit on cash ?

    Thanks
    Naveen Natarajan
     
    naveen1241, Dec 27, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    Hold Canara Bank for a target of 320 but partial profit booking can also be done.

    Same thing goes for Dena Bank but 65 is a resistance and if that is taken out can have good upside.
     
    shabbir, Dec 27, 2013
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