SURYODAY BREAKOUT WEEKLY BREAKOUT AND RETEST | SWING TRADESURYODAY BREAKOUT | SWING TRADE This Suryoday small fin bank Weekly chart. This breakout happen after 4 year And Also Retested. Breakout after 200+ Good Swing Trade. Note - Only for education purposeLongby PM_Patil6
Cup and Handle Breakout supported by FundamentalsFY24 EPS 21.11(Q4 EPS 6.4), PE 10 and Book value is 170 and PB 1.25 From Q1 of FY25 the company will post min EPS of Rs 6.4/Qtr, even if we consider 25% growth its annual EPS would be 6.4*4*1.25 = 32 Rs/share FY25 valuation at CPM of 212 would be EPS 32, PE 6.6, Book value 200 and PB 0.94 therefore as per FY25 estimation minimum price at which it must trade would be, 1.5 times PB = 300 (200*1.5) 10 times PE = 320 (32*10) Target 1 = 246 Target 2 = 310 Q4 results , G.NPA would be 242cr vs 223cr (2.8% vs 3.06%) N.NPA would be 92cr vs 102cr (1.4% vs 1.42%) Provision would be 150cr vs 121cr (PCR - 62% vs 54%)Longby swarubhadraUpdated 3
Suryoday Small Finance Bank - Ready for a strong upmove Best results amongst Banks, Higher high structure intact in weekly timeframe, Huge accumulation happened in May 2023, CMP 167 Target 1 - 203, Target 2 - 250Longby RSBaidUpdated 1
Suryoday Small Finance Bank Ltd - Breakout Setup, Move is ON...#SURYODAY trading above Resistance of 212 Next Resistance is at 249 Support is at 160 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohli1
Suryoday Small Finance Bank Ltd - Long Setup, Move is ON...#SURYODAY trading above Resistance of 186 Next Resistance is at 212 Support is at 150 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohliUpdated 6
SURYODAY - Cup & Handle PatternSURYODAY has made Cup & Handle pattern at Weekly chart. Retest is done. Gave Breakout above 190. Probability of moving up, it may consolidate near 220 and then move up towards the target. For my learning and digital record purpose only.by SatpalS3
SURYODAY BREAKOUT | SWING TRADESURYODAY BREAKOUT | SWING TRADE This Suryoday small fin bank Weekly chart. This breakout happen after 4 year so we see big movement after this breakout Breakout after 200+ Good Swing Trade. Note - Only for education purposeLongby PM_PatilUpdated 1111
BREAKOUT IN SURYODAY 📌SWING TRADE FOR NEXT WEEK🚀 Hello Traders⚡ I am a Swing Trader by Passion i only trade on Momentum Stock's. 📌I Post Daily SWING CHARTS Analysis on My Trading view profile.. So let's Start 📌TRADE ANALYSIS OF SURYODAY • Potential Breakout Chart • VCP Pattern • Short Range Consolidation • Price Can Take Retest from support Line • Overall The Price Is Moving In HH-HL Formation • Volume Buildup Near BO Zone • Looks Good For 10-20% Upside Levels After The Breakout 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or TipsLongby Trading_Old_School4
Suryoday Bank- DO NOT MISS!Suryoday has given a good breakout of cup and handle pattern A weekly closing above 200 can be a good signal that ATH levels can be seen soon. Stock is available at a very good valuation. I had seen such breakout in Spandana which had blasted after breakout.Expecting a similar move here.Longby tradewithamey_Updated 3328
Suryoday Small Finance Bank LtdWeekly cup & handle Volume increasing Highest ever profitLongby CHARTIST21212
Can make breakout if result is good for SuryodaySuryoday has washed out many investor amount from ipo. I think it is better to average here. It may get reverse in one or two quatersLongby vikky1989Updated 1
Potential to up SideSuryoday Small Finance Bank Ltd with good fundamentals Near 200 sma if cross 200 sma and Rs go positive upside move continew by rajeevmaheshwari0171
50% upside potential in SURYODAYSuryoday stock has developed an attractive CWH pattern, with a notable VCP during handle formation, suggesting potential institutional investment due to increased volume. Furthermore, all EMAs (Exponential Moving Averages) - 10, 21, and 50 - are on an upward trajectory, signaling bullish sentiment. The stock's relative strength is also positive, evident from its movement compared to the Nifty 50 over 55 days. A 50% potential target could materialize over the next year, particularly with anticipated interest rate cuts influencing market dynamics. Longby Manabala0
SURYODAY - Weekly AnalysisIn the Weekly Chart of SURYODAY , we can see that, it has retested the Trendline after breakout. we can have a entry with 300 as target.Longby JatinManani0
Suryoday Small Finance Bank Ltd - Long Setup, Move is ON...#SURYODAY trading above Resistance of 160 Next Resistance is at 186 Support is at 117 Here is previous chart: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohliUpdated 3
Suryoday Small Finance Bank Ltd 192>>485The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFby nikhilsaggi12
SURYODAY - Bullish Consolidation with VolumesNSE: SURYODAY is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has reversed at key support area which is indicating demand. One can look for a 16% to 24% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTradeby BrahmaBull310
Suryoday Swing TradeBuy only above 176 with a stop loss of 165. Target 5 times the Risk which is around 230. Excellent Risk:Reward Trade about 1:5 Not a recommendation.Longby abhaychakravarthiUpdated 3
SURYODAY Ltd has just broken resistance level🌅 Suryoday Small Finance Bank Ltd has just broken resistance levels, showcasing resilience and determination.Longby D_Street_Wolf3
Channel Breakout - SURYODAYPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking for long term.Longby Breakout-Ideas2
SURYODAY SMALL FINANCE BANK LTD (ACCUMULATE)Sector: Banking / Industry: Bank - Private Market Cap: 1,661.99/- Cr. / Category: Small Cap Current Price: 156.55/- Target Price: 210, 227/- Stop loss: 140 Ticker: NSE: SURYODAY Recommendation: BUY (Buy Above 160) Highlights We issue a Buy recommendation on Suryoday Small Finance Bank. Based on a 12 -weeks Target price of 210, 227/- offering a 41.87% upside potential from its closing price of 156.55/- on 26/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook – SURODAY SFB ltd, Buy above 160 Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank (SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC Leading small Finance Bank The bank commenced microfinance operations in 2009 and has since expanded operations across 14 states and union territories, customer base to ~2 million, employee base to 5252 employees, and distribution reach to 565 Banking Outlets including 158 Unbanked Rural Centres (URCs). Diversified Product portfolio It currently offers a variety of asset and liability products and services. The asset products are offered through 360 centres, and they consist of an inclusive finance portfolio (comprising loans to Joint liability Group (JLG) customers), commercial vehicle loans, affordable housing loans, micro business loans, unsecured micro, small and medium enterprise loans, secured business loans, financial intermediary group loans, and other loans. In this technical research report we’re going to take a quick look at the Elliott wave chart of Suryoday SFB ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Currently the stock is in a sideways corrective structure. The stock might give a breakout from the current level. The stock is currently trading in wave ((4)) Triangle pattern that has unfolded as corrective a-b-c-d-e pattern in a daily time frame. The price might reach extreme zone at 210 - 227 level We don’t recommend selling the stock and prefer the long side from the 0.382 & 0.50 % Fib retracement level. As the Primary trend is already bullish in a higher time frame, we expect to see at least 1 last wave bounce from our buying zone. Once price bounce reaches 0.618% Fib against the (wave 5) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 140 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for educational purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not. Longby Dino_Naidu5
Breaking the channel with good volume#Suryodaya - Breakout with a good volumes. expecting atleast 20% gain in a short term.Longby Sms2348111