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SURYODAY SMALL FINANCE BANK LISURYODAY SMALL FINANCE BANK LISURYODAY SMALL FINANCE BANK LI

SURYODAY SMALL FINANCE BANK LI

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SURYODAY trade ideas

SURYODAY SMALL FINANCE BANK LTD (ACCUMULATE)Sector: Banking / Industry: Bank - Private Market Cap: 1,661.99/- Cr. / Category: Small Cap Current Price: 156.55/- Target Price: 210, 227/- Stop loss: 140 Ticker: NSE: SURYODAY Recommendation: BUY (Buy Above 160) Highlights We issue a Buy recommendation on Suryoday Small Finance Bank. Based on a 12 -weeks Target price of 210, 227/- offering a 41.87% upside potential from its closing price of 156.55/- on 26/12/2023. Our recommendation is primarily driven by Elliott wave theory: Elliott Wave Theory Outlook – SURODAY SFB ltd, Buy above 160 Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank (SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC Leading small Finance Bank The bank commenced microfinance operations in 2009 and has since expanded operations across 14 states and union territories, customer base to ~2 million, employee base to 5252 employees, and distribution reach to 565 Banking Outlets including 158 Unbanked Rural Centres (URCs). Diversified Product portfolio It currently offers a variety of asset and liability products and services. The asset products are offered through 360 centres, and they consist of an inclusive finance portfolio (comprising loans to Joint liability Group (JLG) customers), commercial vehicle loans, affordable housing loans, micro business loans, unsecured micro, small and medium enterprise loans, secured business loans, financial intermediary group loans, and other loans. In this technical research report we’re going to take a quick look at the Elliott wave chart of Suryoday SFB ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Currently the stock is in a sideways corrective structure. The stock might give a breakout from the current level. The stock is currently trading in wave ((4)) Triangle pattern that has unfolded as corrective a-b-c-d-e pattern in a daily time frame. The price might reach extreme zone at 210 - 227 level We don’t recommend selling the stock and prefer the long side from the 0.382 & 0.50 % Fib retracement level. As the Primary trend is already bullish in a higher time frame, we expect to see at least 1 last wave bounce from our buying zone. Once price bounce reaches 0.618% Fib against the (wave 5) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 140 level. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for educational purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:SURYODAYLong
by Dino_Naidu
SURYODAY - Ichimoku Bullish Breakout Stock Name - Suryoday Small Finance Bank Ltd 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 145 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:SURYODAYLong
by nikunjbhadja
4-point curveline breakout at SURYODAY#SURYODAY daily chart, there is a 4-point curveline breakout. The reversal is also confirmed by the Nifty/SURYODAY ratio chart. I compared #SURYODAY vs. the #Nifty and its peers from November 01, 2022, and discovered that it has outperformed both the #Nifty and its peers in the sector. BSE: 543279 NSE : SURYODAY ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing. #sharemarket #MultiBagger #relativestrength #stocks #StocksToBuy #Nifty #RatioChart
NSE:SURYODAYLong
by Usemerr
Volatility Contraction Pattern (VCP) Breakout at SURYODAYVolatility Contraction Pattern (#VCP) #Breakout at #SURYODAY (Suryoday Small Finance Bank Ltd) Daily Chart. Soon its #Outperformed #Nifty ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:SURYODAYLong
by Usemerr