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SOUTHBANK

SOUTHBANK | Swing Trade📊 DETAILS Sector: Bank - Private Mkt Cap: 5,828 cr 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. TTM PE : 6.37 (Average PE) Sector PE : 25.57 Beta : 0.77 📚 INSIGHTS Mid-range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 2.28% away from 52 week high Underperformer - South Indian Bank up by 2.96% v/s NIFTY 50 up by 2.99% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SOUTHBANKLong
by Munish_Jain
Elliott Wave Analysis for South Indian BankHello Friends Imagine we're reading South Indian Bank's story through a series of waves on a chart – each wave has its own label and meaning. Looking at the larger picture, we've observed two distinct waves. The first one climbed up and was labeled as Wave (1), while the second one descended and was labeled as Wave (2). Now, a new wave is beginning, labeled as Wave (3). This phase often brings significant changes and momentum. Zooming in a bit, we spot smaller waves nested within this Wave (3) We've recognized two of these smaller waves – wave 1 and wave 2. The upcoming wave, known as the "Third of the Third," is unfolding and labeled as wave 3. This phase tends to be dynamic and energetic. Delving even closer, we identify a tiny segment of this wave 3 known as wave (i) and wave (ii). Currently, wave (iii) is likely in progress, showing notable strength. With all these wave labels in mind, South Indian Bank appears to be a potential candidate for race towards north way, where we anticipate a price can increase, so we can assume this as an Investment pick. However, always remember that trading is not a sure thing. Like life, surprises can happen. In a nutshell, Elliott Wave analysis helps us understand how the market moves in a certain pattern. South Indian Bank's chart is showing something interesting, and we're excited to see where it goes next. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SOUTHBANKLong
by RK_Chaarts
5
LONG TERM SWING BUY TRADE OPPORTUNITY IN SOUTH BANKThe stock has strongly broken the daily and Weekly Range. Please refer the Chart for SL and TARGETS. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:SOUTHBANKLong
by rkinspiro1
1
BRKOUT SOONShare 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 !!
NSE:SOUTHBANKLong
by itsbalahere_
1
BREAKOUT POSSIBLE SOON 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 !!
NSE:SOUTHBANKLong
by itsbalahere_