SUNDARMFIN trade ideas
watch for resistance breakoutbuy sundarmfin above 1930 for target of 2100 in short term
can buy in intraday as well
#SUNDARMFIN WEEKLY CHART VIEW!!#SUNDARMFIN WEEKLY CHART VIEW!!
Sundaram Home Finance Ltd. is trading right below weekly resistance zone and is likely to see momentum breakout above swing high of 1790 level.
Technical parameters looks positive as of now.
Probable resistance post breakout comes at 1890-1925 zone.
Keep a watch.
LONG on SUNDARAMFINANCE from 1300 levels targeting 1460The daily trend is up. The question is now will it form a DB or break the level. Well it tried to break level and formed a clear rejection on the daily and closed above the previous days low which shows depletion in momentum. Manage your risk and you are good to go. Best of Luck
SUNDARMFIN Levels for 09-SEP-20(Intraday)
Buy above 1320 for 8,18,35+++
Sell below 1295 for 8,18,35+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Sundaram Finance Wave 3Stock looks bullish with Impulse 1 and 2 completed and started Wave 3 broken high of wave 1
All dip towards 1565-1500 long opportunity Stop Loss 1180 on daily closing basis, target 1990 short term.
Disclaimer: Mid cap share so don't invest too much capital in it. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing.
Sundaram Finance Ltd. - WEEKLY CHARTSundaram Finance Ltd. bounced from weekly support zone and probable resistance in the medium term comes at 1350-1375 as of now.
Technical parameters looks neutral as of now.
Keep a watch.
FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Sundaram Finance Ltd. - CONSOLIDATING WITH BEARISH SIGNS!!Sundaram Finance Ltd.
The stock is consolidating in a symmetrical triangle pattern in the daily chart. It is likely to see breakout either side of the range 1190-1290.
Technical parameters look neutral.
****TRADINGEDGE TIME-TREND IS BEARISH****
****TRADINGEDGE BANDS ARE IN RED-ZONE****
I personally might look for a shorting opportunity. Once the prices break the DEMAND ZONE (1160) with volume, the next DEMAND ZONE is below 1060.
KEEP AN EYE!! #B-
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
Sundaram Finance Ltd. - symmetrical triangle!!Sundaram Finance Ltd.
The stock is consolidating in a symmetrical triangle pattern in the daily chart. It is likely to see breakout either side of the range 1190-1290.
Technical parameters look neutral.
****TRADINGEDGE TIME-TREND IS BEARISH****
****TRADINGEDGE BANDS ARE IN RED-ZONE****
I personally might look for a shorting opportunity. Once the prices break the DEMAND ZONE (1160) with volume, the next DEMAND ZONE is below 1060.
KEEP AN EYE!! #B-
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
It is pure educational perspective onlyObserve for clear breakout triangle pattern. Because I love triangle patterns. Be careful with your trades.
sundaram finance weekly charts are most imp charts when u r analyzing a setup
1) it cut off most of the noise
2) neither its too large time frame(like monthly) nor its too small (hourly/ daily)
now here, in this case, we can see the trend is up
stock is in sideways from 240 week
also, the stock range is in pt a nd pt b a big white candle
once pt a will break we will see a massive upmove
sundaram finance looks bullish in short to medium termIn weekly, price at horizontal support, it should bounce from here and resume its uptrend.
sl - 1485, tgt 1 - 2060
Sundaram Finance time to cover the gap Volume spike greater than past 30 days volume and strong thrust.Above 1785 should reach 1850 exit below 1734
Possible buy set up on pull back I am looking to enter after a small pull back and price turn around Near 1680 for Target of 1740
I think they will tag to 1740 and will move to side ways for while before making another move
Lets see on Monday what happens
Regards
Sundaram FinanceA good triangle break out by the stock, however it needs to clear the congestion zone of 1622-1642 on a decisive basis for further strength to come in the stock.. A good trailing SL shall be 1560
