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THE SOUTH INDIAN BANK LTD

Bullish Cypher on the SouthIndian Bank

By capsule91
Updated
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


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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