We can actually infer here that the word "regardest" suggests the following about the speaker’s attitude toward God: The speaker feels watched attentively by God.
A speaker is known as an individual or a character that is seen in a story or a novel that tells or narrates the events happening. In a story, a speaker also known as the narrator can be seen in the story or outside the story.
We see here that in the given stanza from “Deliverance From Another Sore Fit.”, the speaker uses the word "regardest" to show us how he feels watched attentively by God.
When you regard someone, you tend to give them attention.
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