Stock analysis The South Indian Bank Limited SOUTHBANK
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Recent prices of SOUTHBANK The South Indian Bank Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 18 Thu Apr 2024 | 27.60 | 27.50 to 28.15 | 0.18% | 0.68 times |
| 16 Tue Apr 2024 | 27.55 | 27.20 to 27.95 | -0.72% | 0.43 times |
| 15 Mon Apr 2024 | 27.75 | 26.90 to 27.95 | -2.12% | 0.74 times |
| 12 Fri Apr 2024 | 28.35 | 28.25 to 29.00 | -1.56% | 0.7 times |
| 10 Wed Apr 2024 | 28.80 | 28.65 to 29.15 | -0.35% | 0.49 times |
| 09 Tue Apr 2024 | 28.90 | 28.70 to 29.55 | 1.23% | 1.08 times |
| 08 Mon Apr 2024 | 28.55 | 28.45 to 29.70 | -3.06% | 0.88 times |
| 05 Fri Apr 2024 | 29.45 | 29.25 to 29.95 | -0.17% | 0.9 times |
| 04 Thu Apr 2024 | 29.50 | 28.95 to 29.70 | 1.37% | 1.35 times |
| 03 Wed Apr 2024 | 29.10 | 28.00 to 29.30 | 3.19% | 1.5 times |
| 02 Tue Apr 2024 | 28.20 | 27.25 to 28.50 | -3.75% | 1.93 times |
| 01 Mon Apr 2024 | 29.30 | 27.75 to 29.45 | 7.52% | 1.07 times |
Technical analysis forecast for The South Indian Bank Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT The South Indian Bank Limited SOUTHBANK at this time. Stock is falling and might fall more.
It appears as if The South Indian Bank Limited SOUTHBANK gave a large move recently.
Stock of The South Indian Bank Limited (SOUTHBANK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of The South Indian Bank Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if The South Indian Bank Limited stays below 28, but if it comes above 28, then a intra day buy could be more profitable.
If you take a sell trade below 28, then use 28 as stoploss and 27.2 as target. However if you take a buy trade in The South Indian Bank Limited, then use 28 as stoploss and 28.68 as target.