South Indian Bank - Upward trend

18 May 2017

Can call next level in month or so, to TP = 30,35
Didnt fall down much post results
RSI also near neutral stage
Price to book value: 1.15 (Safe)
Price to Sales: 0.81
Sl = 19

26 May 2017

Not

Target 1 reached : 27 after consolidation
If Nifty moves towards bullish trend, TP= 30, 35

29 May 2017

İşlem aktif

Some consolidation and upward bullish trend could start as the scrip crosses resistance level in another 15-30 days (my call)

31 May 2017

İşlem aktif

Closed at 28.15.. Upward trend with supporting accumulation to be seen.

8 Haz 2017

İşlem aktif

Uptrend appears strong as to why bearish divergencies arent working as per MACD (momentum)
Yet to see TP

21 Haz 2017

İşlem aktif

Going strong surpassing 52-week high

28 Tem 2017

İşlem aktif

Where will it go?
Double Dojis and spinning top candlestick pattern at the top of trend showing sign of clear indecisiveness and chance of reversal..
If bullish engulf, Surging to new heights :)
If bearish reversal follows, Planning to exit at 28-29