After making an ATH in Feb2021 the stock topped out and went into a down trend until it bottomed almost after one and half year.
The stock then formed a base of 30weeks in 11% range and broke out of it in may to test the supply zone where it consolidated for 9 weeks in 7% range and finally broke out this week with almost 10% move this week. Though an attempt was...
Sundaram Finance-Has Formed Inverse Head & Shoulders Pattern Breakout Daily Time Frame. Entry Zone-2180/2250.Expect a Target on this Stock-2700/2750.Stop Loss -2019 Closing Basis. Only Education Purpose.
Chart -> Sundaram Finance Weekly
As we can see a beautiful inverse head and shoulder has formed in Sundaram Finance after a downtrend.
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...