Suryoday 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.
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.