SURYODAY has made Cup & Handle pattern at Weekly chart. Retest is done. Gave Breakout above 190. Probability of moving up, it may consolidate near 220 and then move up towards the target.
For my learning and digital record purpose only.
FY24 EPS 21.11(Q4 EPS 6.4), PE 10 and Book value is 170 and PB 1.25
From Q1 of FY25 the company will post min EPS of Rs 6.4/Qtr, even if we consider 25% growth its annual EPS would be 6.4*4*1.25 = 32 Rs/share
FY25 valuation at CPM of 212 would be EPS 32, PE 6.6, Book value 200 and PB 0.94
therefore as per FY25 estimation minimum price at which it must trade...
SURYODAY BREAKOUT | SWING TRADE
This Suryoday small fin bank Weekly chart. This breakout happen after 4 year so
we see big movement after this breakout
Breakout after 200+ Good Swing Trade.
Note - Only for education purpose
📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF SURYODAY
• Potential Breakout Chart
• VCP Pattern ...
Suryoday has given a good breakout of cup and handle pattern
A weekly closing above 200 can be a good signal that ATH levels can be seen soon.
Stock is available at a very good valuation.
I had seen such breakout in Spandana which had blasted after breakout.Expecting a similar move here.
Suryoday stock has developed an attractive CWH pattern, with a notable VCP during handle formation, suggesting potential institutional investment due to increased volume.
Furthermore, all EMAs (Exponential Moving Averages) - 10, 21, and 50 - are on an upward trajectory, signaling bullish sentiment. The stock's relative strength is also positive, evident from its...
#SURYODAY trading above Resistance of 186
Next Resistance is at 212
Support is at 150
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...
#SURYODAY trading above Resistance of 160
Next Resistance is at 186
Support is at 117
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support 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...
The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBF
NSE: SURYODAY is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 16% to 24% gain on deployed capital in this swing...
