CRAME NOTE: SOUTH INDIAN BANK- ACCUMULATE FOR LONG TERM

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South Indian Bank, a Kerala based bank has seen precipitous fall in prices in the last couple if years. However the recent price action in the long term chart suggest that the momentum of the fall has reduced. One can also see a positive divergence in MACD. The prices are approaching a primary demand zone. For long term investors this 'accumulation zone' marked in the chart can give a good risk to reward ratio. Given that this is a company that has consistently declared dividends also strengthens the case for long term investors.



DISCLAIMER
The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog.




Analysts

Prof. Binu P Paul PhD
Prof. Soumya V ACSI  

Note: You can track the progress of this analysis at 

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