The short-term outlook is bullish for South Indian Bank. The stock has surged over 5 per cent on Monday and has closed on a strong note. This rise has taken the share price well above a key resistance level of ₹51 which was capping the upside since mid-June. It has also happened after forming a strong base above ₹45. Support is in the ₹51-₹49 region. South Indian Bank share price can rise to ₹62 in the coming weeks. Traders can buy South Indian Bank shares now at ₹54. Accumulate on dips at ₹52. Keep the stop-loss at ₹48. Trail the stop-loss up to ₹55 as soon as the stock goes up to ₹57. Revise the stop-loss higher to ₹57 and ₹59 when the price touches ₹59 and ₹60 respectively. Exit the long positions at…