Technical Analysis of Indian Equities by Nooresh

South India bank Virgin bank

South india bank hits 80 levels thats cool …

breakout done now add on declines till 72 levels

South india bank is one virgin bank stock which has not participated in

the current bank rally …

A good chunk arnd 28 % is wid fiis n big ones …

This fii stake is currently increasing every quarter ….

Technically its crunched in a huge yearly range triangle ..

Once it starts closing above 75 it can easily give u 50 + % in medium term

also its a gr8 pick for long term checkout on break above 73 for short term gains..

This is one virgin stock which nobody would recommend ….

Patience is wat u need wid dis stock now but volumes are increasing u never know

it can shoot quickly though..

Article by Nooresh Merani

Nooresh has written 2744 articles.

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