Sundram Fastners - Long Term ViewSundram Fastners - Stock overcoming resistance and moving to blue sky territory.
This recommendation is only for a long term investment for a couple of years. No derivative trades, strictly cash only.
Stop Loss would be Rs. 535, and to be trailed at 20% from highs made.
Approximate holding horizon is 2-3 years. Also, SIP in the scrip can be done.
Note - this is an educational idea, not any trading / investment recommendation. We have positions in the scrip and have entered at lower prices. We might add up positions if monthly candle stays above 700.
