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itsbalahere_
Dec 5, 2020 3:42 PM

BREAKOUT POSSIBLE SOON  Long

SOUTH INDIA BANKNSE

Description

Share has broken long term bear trend from sep 2018 now seems have found the bottom..
this year chart pattern showing "flag pattern " and may see a breakout soon

-Company has changed their CEO 2 months only back..so hoping for new management upliftment
-South Indian Bank on Friday said its board has approved raising up to Rs 1,250 crore through a combination of equity and debt instruments.
-NPA decreasing (YOY)
-if you check bulk deals on dec 3 on this company you can see PORTUGEESE FII investment of 10crs
-Financials are not too bad..its highly undervalued

TARGET 14 by next 6 months !!
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