F&O gainer-The South Indian Bank Limited target 22.25

The South Indian Bank Limited stock chart The South Indian Bank Limited stock today closed at 21.15 with gain. SOUTHBANK stock was top gainer in F&O segment. A fresh breakout above major moving averages with strong volumes seen today. A rounding bottom formation on weekly chart was buy signal and its target was 22.25 which is also 100-week ema. After it 23 will be next major resistance which was previous major swing high. On the downside, 20.35 bottom remain as support and stop loss for buyers. Today SOUTHBANK call option given almost 100 % return in intraday.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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