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(SOUTHBANK) South Indian complete technical analysis [charts+indicators] | Buy/Sell South Indian | (SOUTHBANK) share price targets

Complete technical analysis of South Indian (SOUTHBANK) by charts plus indicators, forecast predictions and share price targets for South Indian (SOUTHBANK)

South Indian trades in NSE in Banks sector.

10 day averaged volume of South Indian is 33488786

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	30.45	30.65	30.80	30.10	1.651 times
25 Thu Apr 2024	30.40	29.10	30.50	29.00	1.905 times
24 Wed Apr 2024	29.10	29.00	29.70	28.80	1.305 times
23 Tue Apr 2024	28.80	29.20	29.30	28.65	0.872 times
22 Mon Apr 2024	28.90	28.45	29.05	27.95	1.24 times
19 Fri Apr 2024	27.40	27.00	27.90	26.90	0.797 times
18 Thu Apr 2024	27.60	27.70	28.15	27.50	0.871 times
16 Tue Apr 2024	27.55	27.35	27.95	27.20	0.547 times
15 Mon Apr 2024	27.75	27.50	27.95	26.90	0.942 times
12 Fri Apr 2024	28.35	28.80	29.00	28.25	0.897 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 30.7, for a target of 29.6 or 28.66

Share price targets for South Indian (SOUTHBANK)

Target Type	Value
Downside Target	24.60
Downside Target	25.25
Downside Target	26.10
Downside Target	26.90
Downside Target	27.95
Downside Target	29.70
Downside Target	29.95
Upside Target	30.60
Upside Target	30.80
Upside Target	32.90
Upside Target	35.90
Upside Target	40.15

Intraday share price targets for South Indian (SOUTHBANK)

Target Type	Value
Downside Intraday Target	28.67
Downside Intraday Target	26.88
Upside Intraday Target	31.52
Upside Intraday Target	32.58
Downside Intraday Target	29.73

Weekly technical analysis of South Indian (SOUTHBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	30.45	28.45	30.80	27.95	2.209 times
19 Fri Apr 2024	27.40	27.50	28.15	26.90	0.788 times
12 Fri Apr 2024	28.35	29.70	29.70	28.25	0.465 times
05 Fri Apr 2024	29.45	27.80	29.95	27.25	3.382 times
28 Thu Mar 2024	27.25	28.75	29.00	26.90	0.653 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of South Indian (SOUTHBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	30.45	27.80	30.80	26.90	1.236 times
28 Thu Mar 2024	27.25	32.85	32.90	25.25	0.575 times
29 Thu Feb 2024	32.35	34.90	40.15	30.60	0.68 times
31 Wed Jan 2024	34.70	26.70	35.90	26.10	2.058 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of South Indian (SOUTHBANK)

Price action analysis of South Indian ( (SOUTHBANK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of South Indian ( (SOUTHBANK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of South Indian ( (SOUTHBANK) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for South Indian stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for South Indian in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

South Indian Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for South Indian in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of South Indian is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 28.99 and South Indian (SOUTHBANK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the South Indian (SOUTHBANK) stock. Volume based technical analysis of South Indian (SOUTHBANK) stock is negative.

South Indian Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.