capsule91

Bullish Cypher on the SouthIndian Bank

NSE:SOUTHBANK   SOUTH INDIA BANK
NSE:SOUTHBANK

Weekly support pivot and resistance mentioned
The cypher is yet incomplete
Take profit is set at 0.618CD of the cypher , which is also the resistance band of the kumo cloud

Disclaimer.. this is not an investing/trading advice


Mar 17
Comment: Using eliott wave theory, a wave 5 is about to start, so the take profit level of cypher can be a minimum target, up very high upside potential even upto 36...

So the trade will remain under observation post cypher TP target
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