SOUTH INDIAN BANK READY FOR BIG MOMENT

#SOUTH INDIAN BANK MultiYear Breakout with big Volume on Weekly chart.
Techincal
RSI-Above(50)
RS-Positive
Fundamental Looking Good
Int. On Advance-Increasing(Qtrly Basis)
Total Net Profit-780 Cr(including All 3 Qtr 2023-24)
Total Net Profit-775 Cr(fy-2023)
Net NPA-1.61%(Declining qtry basis) Positive
PE-6 Apprx(below Industry PE-17)

Strategy-Buy on Dip
Stop Loss-Super Trend
Disclaimer-This analysis is only for learning Purpose
Please do your self Study
Note:- Be cautious before Interim budget

Commento:

HOLD WITH STRICT STOPL LOSS
FUNDAMENTAL IS GOOD.