Ready for big bull run?weekly time frame. "W" Pattern has formed and we can see Morning star candle as well as i am bullish on this stock. but do your own research than take risk.
happy trading.
SOUTHBANK trade ideas
SouthIndianBankBased on my analysis SouthIndian Bank might bottom out around Monday - Tuesday 20th Jan 25 at around Rs. 21. If market sentiment is readly bad, it might flash to Rs. 19 level as well. May not go below Rs.19. However, entire market is in downward trajectory and everybody feels Indian market may not recover any time soon, worst case it may go upto Rs.14. But recovery would fast am expecting stock price to reach Rs. 60 from 21. It may take any where between 9months to 18 months for it to reach Rs. 60.
Thanks - Arumuga
$southbankno bueno acceptance below blue line
can wick there tom so keeping this on the watch list
close to making a move with rsi curling up
Technical Analysis of South Indian Bank (SOUTHBANK)Technical Analysis of South Indian Bank (SOUTHBANK)
Key Observations:
Upward Trend: The overall trend appears to be upward, indicated by the rising price action and the upward sloping EMA (200).
Support and Resistance: - The horizontal lines at 25.02 and 27.00 act as potential support and resistance levels. The shaded area between 21 and 23.14 is identified as a "Strong Buy & Pullback Zone," suggesting a potential buying opportunity if the price retraces to this area.
Fibonacci Retracements: - The Fibonacci retracement levels (0.236, 0.618) are also plotted, which can provide insights into potential price reversal or continuation points.
RSI (Relative Strength Index): The RSI is currently below 50, indicating that the stock is oversold. This might present a buying opportunity if the price starts to rebound.
Buy Signal: The analyst has provided a specific buy signal: "Buy Above 25 and Buy Again on Every 5-7% DIP." This suggests that the stock is undervalued at the current price level and could potentially appreciate.
Potential Trading Strategy: - Based on the analysis, a potential trading strategy could be:
Buy: If the price breaks above the 25.02 resistance level, consider entering a long position.
Stop Loss: Place a stop loss below the nearest support level, which in this case appears to be around 24.03.
Target: Set a target profit based on your risk tolerance and analysis of potential price movements.
Additional Considerations:
Fundamental Analysis: - While this analysis is based on technical indicators, it's essential to consider fundamental factors such as the company's financial performance, industry trends, and economic conditions before making investment decisions.
Risk Management: Always practice proper risk management techniques, such as diversifying your portfolio and setting appropriate stop-loss orders.
Remember: The stock market can be volatile, and past performance does not guarantee future results. It's crucial to conduct thorough research and consider your individual financial goals before making any investment decisions.
Disclaimer:- This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions. Do your own research before buying this stock because I am not SEBI registered person and this is just for educational purposes. We are not responsible for your loss.
Thanks for your support as always
South India bank to lookout Falling beautifully and respecting the trend line. Also, pivots are coming closets hence expecting a breakout soon.
RSI line drawn let's see when will we get a up move.
Can buy at current rate and stop loss, targets are marked.
For more such calls comment down here.
South Indian Bank
South Indian Bank looks
Right now at FS in Weekly
We can a positive from that point
Let's see what next
South India bank - going southwards ??🏦 South Indian bank -My insights and opinions based on the financial data from South Indian Bank's Q1 FY25:
Positive Aspects:
↳ The marginal increase in Profit After Tax (PAT) from ₹288 crore in Q4 FY24 to ₹294 crore in Q1 FY25 suggests resilience and effective cost management.
↳ Slight improvement in Return on Assets (RoA) indicates maintaining profitability despite economic pressures, showing prudent risk management practices.
↳ Consistent Gross and Net NPA ratios indicate stable asset quality, a strong point given the current economic climate.
↳ Growth in deposits and advances, even if slight, reflects ongoing customer trust and market penetration, critical for long-term growth.
Concerns:
↳ The decrease in Net Interest Margin (NIM) from 3.38% to 3.26% raises concerns about the tightening of interest income relative to the bank’s average earning assets.
↳ This reduction in NIM could be due to competitive lending rates or higher cost of funds, which needs addressing to sustain profitability in a volatile financial market.
↳ The substantial 26% drop in Non-Interest Income, primarily from Treasury & Forex, significantly impacts the bank's diversified income streams.
↳ The decline in Non-Interest Income highlights the need for the bank to explore new non-interest revenue sources or enhance the performance of existing ones to mitigate volatility.
Strategic Focus Areas:
↳ Enhancing income diversification and managing interest margin pressures are crucial for maintaining and improving the bank’s financial health in future quarters.
↳ The bank should continue to leverage its strong points, such as stable asset quality and customer trust, while strategically addressing areas of concern to bolster its overall market position.
Conclusion:
↳ While South Indian Bank shows robustness in certain areas, the decline in NIM and Non-Interest Income are areas needing strategic focus.
↳ Enhancing income diversification and managing interest margin pressures will be key to maintaining and improving the bank’s financial health in future quarters.
Shared the chart with technical analysis for your reference
🙏 bhatiashivendra
disc: no holding , do you own research before taking any actions.
South India bank - going southwards ??🏦 South Indian bank -My insights and opinions based on the financial data from South Indian Bank's Q1 FY25:
Positive Aspects:
↳ The marginal increase in Profit After Tax (PAT) from ₹288 crore in Q4 FY24 to ₹294 crore in Q1 FY25 suggests resilience and effective cost management.
↳ Slight improvement in Return on Assets (RoA) indicates maintaining profitability despite economic pressures, showing prudent risk management practices.
↳ Consistent Gross and Net NPA ratios indicate stable asset quality, a strong point given the current economic climate.
↳ Growth in deposits and advances, even if slight, reflects ongoing customer trust and market penetration, critical for long-term growth.
Concerns:
↳ The decrease in Net Interest Margin (NIM) from 3.38% to 3.26% raises concerns about the tightening of interest income relative to the bank’s average earning assets.
↳ This reduction in NIM could be due to competitive lending rates or higher cost of funds, which needs addressing to sustain profitability in a volatile financial market.
↳ The substantial 26% drop in Non-Interest Income, primarily from Treasury & Forex, significantly impacts the bank's diversified income streams.
↳ The decline in Non-Interest Income highlights the need for the bank to explore new non-interest revenue sources or enhance the performance of existing ones to mitigate volatility.
Strategic Focus Areas:
↳ Enhancing income diversification and managing interest margin pressures are crucial for maintaining and improving the bank’s financial health in future quarters.
↳ The bank should continue to leverage its strong points, such as stable asset quality and customer trust, while strategically addressing areas of concern to bolster its overall market position.
Conclusion:
↳ While South Indian Bank shows robustness in certain areas, the decline in NIM and Non-Interest Income are areas needing strategic focus.
↳ Enhancing income diversification and managing interest margin pressures will be key to maintaining and improving the bank’s financial health in future quarters.
Shared the chart with technical analysis for your reference
🙏 bhatiashivendra
disc: no holding , do you own research before taking any actions.
Monthly CUP with Handle, and Triangle pattern TGT 36Monthly CUP with Handle, and Triangle pattern TGT 36 & 50
south bank is good stock is 2 digite price hold and ride 3digitsouth india is good stock is 2 digite price hold and ride 3digit
now support zone price hold on, break resistance then new resistance create this year nifty50, up side move then this stock move up side
SOUTHBANKHi guys,
In this chart i Found a Demand Zone in SOUTHBANK CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
South Indian Bank 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.
THE SOUTH INDIAN BANKTRIPLE 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.
SOUTHBANK BUY 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 ...
SOUTHBANK BUY 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 Very Strong For Long PositionSouth 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 BANK above trend line tgt 18If closed avove 14.40 then it will take support
and target would be immediate 18
Penny Stock South India Bank MultibaggerSouth 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.
SOUTH INDIA BANK Already broken out of a multi year accumulation.. Looking good for a rally into the next range and then beyond..
Study: SOUTHBANK following the channelThis 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 - Volume profile suggest strong players entering 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
south India bank ascending triangle break out 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.
