Buy SUNDRAMFASTERN Buy sundram fastern at 314 target price will be 324. It is forming reverse head and shoulder pattern.
SUNDRMFAST trade ideas
Sundram Fasteners - BUY signal generated @ Rs. 485Sundram Fasteners is an auto-ancillary company, with Return on Equity above 20% in last 10 years . With these type of fundamentally-sound companies, you need a strategy, to give you BUY signals with high-probability of continuing up-moves.
The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details, please refer to the website link in the signature field below.
SUNDRAM FastenersAccumulate 545-530 (upto 500 can be accumulated)
For targets
560
580
600
620
Stop
470 below
CBSL
For educational pupose only,
Not responsible for any loss
just an example of how this stock has grown 2009, 13 rs stock grown to 474, isn,t it l amazing. , this is the power of value lbuying, chart indicates it s consistent performance
SUNDARAM FASTNERS : End of 20 months of consolidation ?Sundaram fasterners looks to break out of > 20 month consolidation with a rounding pattern formation on weekly/daily charts.
Today's volume is pretty good compared to 10-week avg volume.
Confirmation of a close above 218 can trigger the stock to a new wave of uptrend.
