binuppaul
Long

SOUTH INDIAN BANK- ACCUMULATE FOR LONG TERM

NSE:SOUTHBANK   SOUTH INDIA BANK
South Indian Bank , a Kerala based bank has seen precipitous fall in prices in the last couple if years. However the recent price action in the long term chart suggest that the momentum of the fall has reduced. One can also see a positive divergence in MACD . The prices are approaching a primary demand zone . For long term investors this 'accumulation zone' marked in the chart can give a good risk to reward ratio. Given that this is a company that has consistently declared dividends also strengthens the case for long term investors.

Note:

The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa

DISCLAIMER

The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog.

Analysts

Prof. Binu P Paul PhD
Prof. Soumya V ACSI

Comments

Still, The RSI and MFI both shows the stock is in overbought zone. I guess it should be buy on further dips ?
+1 Reply
binuppaul dpbanerjee74
@dpbanerjee74,

Ideal place to buy will be in the accumulation zone as mentioned in chart
+1 Reply
Agreed ....thanks
Reply
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