Monthly Chart for study
PSU and PSE stock is performing
Round Bottom Pattern
Support and expected level ?
South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.
TRIPLE BOTTOM PATTERN HAS FORMED.
Volume is Pretty high.
Wait For The Price To Take Support on The NECK line.
Than make your own move.
Idea shared only for educational purpose.
Consult your financial advisor before Taking Trade in this Bank.
South Indian Bank - Buy view
I already updated the view .
But , company give Split the Shares . Some correction are there ..
Entry - Current price
Target 1 - 35.55
Thank you ...
South Indian bank Uptrend - Support 30 - 32
Long term View for investment purpose
Entry - 36.50
Target - 38 ,45 ,60 ,88 , 100 Rs
No stoploss .
Market makes 100 rs in this year .
South indian Bank Sustain Above 27.40-28.80 very Strong For long position target as 35-42-55 invalid below 22. You can trade as per capital for long position.what do you think about this stock...
South India Bank is trading around 8Rs, recently some buying volume seen and seems like in accumlation stage.
Can be good penny investment, as a rule, not more than 10% of your portfolio.
Buying area 5-9 Rs. Targets : 13,20,30+
Risk is limited, however rewards can be huge, it may easily double or triple.
This is pure study. See how this scrip follows the channel.
Note that MACD is nearing a break down, if that happens the stock would go down near 23.10 or the lowest 22.20 levels then bounce back to the 35-37 levels.
NSE:SOUTHBANK
South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 871 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India. The bank has also set up more than 1,500 ATMs and 91 Cash Deposit Machines NSE:SOUTHBANK
18.01.2023
south India bank is formed ascending triangle type formation on weekly chart
also has done nice break out today.
today announced third quarter net profit ( 3.05 billion )
hope it will increase more.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
As per previous chart history and current position of this stock, it is indicating to buy at CMP or wait for a dip to enter on reversal. Fundamentals are strong of this stock.
All major points are mentioned on the chart itself
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
SOUTH INDIAN BANK LTD (1D)
CMP 24.95
- After a Massive run stock is again come to Retest Breakout Levels
- Ready for Upmove from here
Sector : Banking
Industry : Bank - Private
Market Cap : 5,225.57 cr.
Category : Small Cap
PE : 5.72
Industry PE : 18.92
About Company
The South Indian Bank Ltd. is one of the earliest banks in South India. The...
Xmodified for quick returns 8 days Darvas Box, For Quick Profit booking 10 %
As things may short, some HSH seems forming, also stocks at high near trend line,,,,
So if it breaks trend line SHORT it else, LONG...
💥The South Indian Bank💥- Nice Breakout
Capital to be deployed- 20k
Investing Price -26-27
Breakout Price -26
Stoploss-20.15
Targets-56-58
RT for max reach.
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The South Indian bank prices ₹26 these prize are volumes are very attractive and the share price are below to trade book value and the P ratio is 6 they are very attracted to Price the stocks.
1. Current price or generate multi beggar returns 2 to 5 years the stocks they can be return 200% to 300% percent very easily delivered the stocks are very under valuation...
Investment Thesis:
South Indian Bank Limited is a prominent private sector bank in India, with a legacy dating back over a century. The bank offers a range of financial products and services, including retail banking, corporate banking, and treasury operations. While the banking sector can be subject to market volatility and economic fluctuations, there are...
