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...
Hi All, This idea is about Dr Reddys Lab Fundamentals Mkt Cap - 106810 Cr Stock PE - 19.2 ROE - 21% ROCE - 27% Mkt Cap/Sales - 3.8 OPM - 28% Technicals Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside of 8-10% to reach the upper channel of rising wedge Happy...
ICICIBANK has exhibited breakdown from rising wedge on weekly chart. Bulls got rejected this week, increasing the chances of breakdown. Wedge breakdown price target zone: 843.
rising wedge pattern short or bearish timeframe 30 min IF YOU LIKE MY IDEA …PLEASE .FOLLOW ME I am not a sebi registered analyst. This channel is for only EDUCATIONAL PURPOSE. Any profit/loss, I am not responsible. Before taking any trade on our calls please consult your financial advisors. Thanks