SUNDARAM FINANCE - RISING WEDGE SINCE AN YR
Hi All,
This idea is about Sundaram Finance Holding
Fundamentals
Market Cap - 6k Cr
Mkt Cap/Sales - 20.9
ROE - 12%
P/BV - 1.27
Div Yield - 2.81%
Technicals
Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term.
Traders can take positional trades to capture the move.
There is a small resistance for which traders need to be careful. Price reverted twice from that level
SL will be lower channel breach
Hope for a successful trade,
Thanks,
Stock-n-Shine
This idea is about Sundaram Finance Holding
Fundamentals
Market Cap - 6k Cr
Mkt Cap/Sales - 20.9
ROE - 12%
P/BV - 1.27
Div Yield - 2.81%
Technicals
Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term.
Traders can take positional trades to capture the move.
There is a small resistance for which traders need to be careful. Price reverted twice from that level
SL will be lower channel breach
Hope for a successful trade,
Thanks,
Stock-n-Shine
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.