Wave Strategy Home Forums Trader’s Forum SOUTH INDIAN BANK

This topic contains 1 reply, has 2 voices, and was last updated by  Ashish Kyal, CMT 6 months, 2 weeks ago.

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  • #145283 Reply

    DEBASHIS LAHIRI
    Participant

    Hi Mr. Kyal…… Is South Indian Bank a good stock to enter into at current levels (Time frame : April Series) ? If the prices come down to 20-21 band, increase the position and hold, for April series? < Target in mind : 25-26 band > (note : south Indian Bank results likely in the 2nd week of April) …..Regards.

    #145419 Reply

    Ashish Kyal, CMT

    South Indian Bank is reversing from channel support and we can expect a move higher as over all Bank Nifty can turn positive but trade with strict stoploss. Also any specific method you are using?

    #146173 Reply

    hari

    max it can go to 28 levels and then will test back 21 dema so better buy after back testing to 24 levels is over and rides over 10 dma remain in place till moves up up along upper bollinger band.

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