Monday, August 24, 2020

South Indian Bank Ltd | SOUTHBANK | Share/Stock Price Levels

 South Indian Bank Ltd

CMP 7.55

Recent Key strength

=> Stocks where Mutual Funds Increased Holdings in Past Month

=> Overbought by Money Flow Index (MFI)

=> 477.2% returns for over 4.5 years

=> Growth in Net Profit with increasing Profit Margin (QoQ)

=> Companies with rising net profit margins - quarterly as well as TTM basis


Recent Key Weaknesses

=> MFs decreased their shareholding last quarter

=> Declining Revenue every quarter for the past 2 quarters

=> Annual net profit declining for last 2 years


Technical Price Chart

south india bank , finvestonline.com


SOUTHBANK stock after correction made a low of 7 and near about the price of Rs. 7 it was in consolidation and moving in a sideways trend. Now today it broken the sideways resistance level of 7.50 in upside with significant volume.

Now the SOUTHBANK stock most probably test the level of Rs.9 which is 20% up from the current level of 7.5, so long position can be made for potential 20% upside move.

If stock break the level of 9 then level of 14 can also be tested by the stock.




Recent Annual Results

south india bank share price



Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this channel.We are not SEBI registered financial advisor or analyst.





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