South ind bank cmp 22.80 is another example of a small bank trying to make big moves. After correcting from a double top of 35 in 2018, stock price went down to post a low of 4.80 during Covid crash.
In Nov 22, it crossed a 4 year high of 14 and went on to hit swing high of 21.80 in Dec 22 and corrected. In this correction it retested and bounced exactly from previous major resistance at 14 and has now gone above previous major swing high of 21.80. Among the smaller banks, it seems to be one of the stronger charts.
disc: invested based on a basket approach based on techno funda picture. (not a reco. )
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