Sundram Fastners - Breakout Setup, Move is ON...#SUNDRMFAST trading above Resistance of 1400.75
Next Resistance is at 1887
Support is at 1003
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SUNDRMFAST
Target 4 (94%) achieved in Sundram Fastners. Target 5 is ON...This is follow-up on Sundram Fastners. Can check link to related ideas.
Target 4 achieved. More than 94%. Target 5 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SUNDRMFAST | Swing Trade📊 DETAILS
Sector: Trading
Mkt Cap: 26,424 cr
Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors.
TTM PE : 52.55 (High PE)
Sector PE : 41.11
Beta : 0.13
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
6.09% away from 52 week high
Underperformer - Sundram Fasteners up by 0.12% v/s NIFTY 50 up by 2.76% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Sundram Fasteners LimitedSUNDRMFAST:- Stock has also given breakout by forming rounding bottom pattern and has come for retesting as well volumes are also good keep your eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SUNDRMFAST- Ichimoku Bullish Breakout Stock Name - Sundram Fasteners Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1010.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Target 3 (82%) achieved in Sundram Fastners. Target 4 is ON...This is follow-up on Sundram Fastners. Can check link to related ideas.
Target 3 achieved. More than 82%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.