SUNDARMFIN LongA good move up on the cards
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
SUNDARMFIN trade ideas
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.
Resistance zone breakout?A zone around 2150 - 2300 might act as resistance for this stock while going up.
For longs safe entry above breakout of 2300 on daily closing basis.
Risk takers can take entry, when daily close comes above 2160.
If price falls below 1950 before testing the zone or breakout then this trade will be invalid.
SundarmFin | Parallel Channel Breakout A 6-month Parallel channel breakout is seen in this stock. A double bottom with MACD-H divergence precedes this breakout as well. This can indicate a strong trend ahead. Levels are as follows. Buying above 2494 with a SL of 2325. Targets of 2700 can be expected.
Please trade according to your risk appetite. Thank you & Happy trading.
SUNDARAM FINANCE LIMITED ( EDUCATIONAL PURPOSE ONLY)Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
SUNDARAM FINANCE LIMITED @ 2530 with target of 2580 CMP IS 2505.85
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 2480.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
SHARE MARKET ANALYST
B.Sc. (MATHS & PHYSICS)
Trying to spread happiness and knowledge
Disclaimer: I AM NOT SEBI REGISTERED
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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Sundaram Finance : Ready to fly (Pole and Flag pattern)Sundaram Finance is a leading NBFC belonging to Sundar Group.
The stock has jumped to 2800 levels and then started retracing. Currently, it has got multiple rejections from the upper trend line and it is now ready to breakout.
Above 2500 level it can again go higher to 2800 level again.
All the levels are mentioned on the chart.
DISC: Please consult your advisor before making any bet. For educational purposes only.