► ADVANCE PATTERN #28: SUNDARMFIN ◄► ADVANCE PATTERN #28: SUNDARMFIN ◄
📌 Levels are mentioned on chart for ❝Swing trading❞.
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Entry: ▲ 2424
SL: ☢ 2323
Target: ➚ 2727
RR: ☈ 1:3.0
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𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✮ Disclaimer ✮
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Sundaramfin
Inverse Head and Shoulder in Sundaram FinanceChart -> Sundaram Finance Weekly
As we can see a beautiful inverse head and shoulder has formed in Sundaram Finance after a downtrend.
CMP: 2253
Good to add: 2170to2225
Targets: 2450, 2670, 2868
SL: 2088, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Sundaramfin Long (02 Sep)Sundaramfin Long (02 Sep)
RSI- 60
Inverse head & shoulders pattern (weekly)
volume is missing. we can wait for 1-2 positive session
Buy at CMP- 2143
SL- 2035
Target- 2350, 2520, 2680
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
SUNDARAMFIN :: LONG BUILDUPSUNDARAMFIN :: LONG BUILDUP (Price, Volume & Momentum picking up)
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-- Buy when price sustains / retraces above 2550
-- Sell below 2380 (ST) or below 2290 (LT)
-- Trail using FIB Levels or SuperTrend Indicator
Reasons for increased probability::
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-- Ultrahigh volumes + delivery seen in the last two candles..
-- Piercing Candle Pattern
-- RSI Trendline breakout seen in 4HR ..
-- Price Volatility is contracting (VCP).
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Caution : Midcap financial stock... Prefer allocating 5-10% of your capital.
This is just a probability and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
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