Stock Radar: South Indian Bank stock takes support above 20-DMA after hitting record highs in September; time to buy the dip?

South Indian Bank shares rebounded after testing their 20-day moving average, with technical indicators pointing to a positive trend. Choice Broking’s Kkunal V. Parar sees potential for the stock to move towards Rs 55–58, citing support near Rs 42, a rising channel pattern and positive momentum, while noting it remains below its 10-DMA.