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South Indian Bank

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

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  1. masihpatel

    masihpatel Active Member

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    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.
     

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    masihpatel, Jun 27, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes and spot on with stop loss of 27
     
    shabbir, Jun 28, 2014
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  3. masihpatel

    masihpatel Active Member

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    Thanks Shabbir for sharing your view.
     
    masihpatel, Jun 28, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jun 28, 2014
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  5. masihpatel

    masihpatel Active Member

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    Made a high of 31.8 till now.
     
    Last edited: Jun 30, 2014
    masihpatel, Jun 30, 2014
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  6. myidgmc

    myidgmc Member

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    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
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  7. shwetagnema

    shwetagnema Active Member

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    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
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  8. shabbir

    shabbir Administrator Staff Member

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    Not a W but then around 20 has formed a solid support and so that should be good for you.
     
    shabbir, Dec 9, 2014
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  9. siva934127

    siva934127 Member

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    Right now market sentiment is weak, so better to avoid.
    please find the attachment.

    Thanks,
    Siva
     

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    siva934127, Dec 9, 2014
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