The South Indian Bank Limited stock today closed at 21.15 with gain. SOUTHBANK stock was top gainer in F&O segment. A fresh breakout above major moving averages with strong volumes seen today. A rounding bottom formation on weekly chart was buy signal and its target was 22.25 which is also 100-week ema. After it 23 will be next major resistance which was previous major swing high. On the downside, 20.35 bottom remain as support and stop loss for buyers. Today SOUTHBANK call option given almost 100 % return in intraday.