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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.

Showing technical analysis as on 2024-10-09 View latest technical analysis

10 day averaged volume of South Indian is 10592768

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	23.94	24.00	24.18	23.90	0.608 times
08 Tue Oct 2024	23.86	23.20	24.03	23.00	1.158 times
07 Mon Oct 2024	23.21	24.09	24.20	23.05	1.408 times
04 Fri Oct 2024	24.03	24.40	24.41	23.83	1.075 times
03 Thu Oct 2024	24.34	24.60	24.70	24.22	1.258 times
01 Tue Oct 2024	24.53	24.60	24.80	24.50	0.808 times
30 Mon Sep 2024	24.58	24.85	24.85	24.50	0.827 times
27 Fri Sep 2024	24.76	24.84	25.00	24.70	0.881 times
26 Thu Sep 2024	24.80	24.89	25.35	24.72	0.955 times
25 Wed Sep 2024	24.85	24.95	24.98	24.75	0.677 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.1, but if it comes above 24.1, then a intra day buy could be more profitable.
If you take a sell trade below 24.1, then use 24.1 as stoploss and 23.5 as target. However if you take a buy trade in stock , then use 24.1 as stoploss and 24.62 as target.

Share price targets for South Indian (SOUTHBANK)

Target Type	Value
Downside Target	23.00
Downside Target	23.83
Upside Target	24.85
Upside Target	25.44
Upside Target	25.45
Upside Target	25.59
Upside Target	25.70
Upside Target	25.90
Upside Target	27.04
Upside Target	28.19
Upside Target	28.85

Intraday share price targets for South Indian (SOUTHBANK)

Target Type	Value
Downside Intraday Target	23.23
Downside Intraday Target	22.51
Upside Intraday Target	24.43
Upside Intraday Target	24.91
Downside Intraday Target	23.71

Weekly technical analysis of South Indian (SOUTHBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	23.94	24.09	24.20	23.00	0.8 times
04 Fri Oct 2024	24.03	24.85	24.85	23.83	0.764 times
27 Fri Sep 2024	24.76	24.64	25.45	24.50	1.166 times
20 Fri Sep 2024	24.55	25.33	25.44	24.42	0.971 times
13 Fri Sep 2024	25.33	25.00	25.59	24.53	1.11 times

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

Monthly technical analysis of South Indian (SOUTHBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	23.94	24.60	24.80	23.00	0.329 times
30 Mon Sep 2024	24.58	25.69	25.70	24.42	0.638 times
30 Fri Aug 2024	25.63	26.96	27.04	24.01	0.583 times
31 Wed Jul 2024	26.76	27.00	28.19	25.90	1.101 times

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of South Indian ( (SOUTHBANK) ) based on a short to mid 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.

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for South Indian in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for South Indian in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 24.21 and South Indian (SOUTHBANK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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