STOCK IN MOMENTUM...NSE:SUNDARMFIN trade at 4880 level. Stock trade its ALl TIME HIGH LEVEL, You can watch for an Upside movement after breakout.
SUNDARMFIN trade ideas
Sundaram Finance stockSundaram Finance stock analysis, here’s a brief overview based on the latest data:
Current Price: As of the latest update, Sundaram Finance’s stock is trading around ₹4,430.901.
Recent Performance: The stock has shown bullish momentum recently, with a high of ₹4,4681.
RSI Indicator: The RSI (Relative Strength Index) is currently at 64, indicating a moderately strong momentum.
Stock has shown bulish moment next target 5860 next match 25
SUNDARMFIN : Preparing for a Bullish Breakout!Technical Observations:
Pattern Identified: The chart shows a corrective C wave formation. The price bounced from a significant demand zone (₹3,851 - ₹3,922), signaling selling pressure exhaustion.
Breakout Confirmation: A sustained breakout above ₹4,072 on the daily chart will confirm bullish momentum and validate the setup.
Buy Trigger: Initiate long positions once the stock closes and sustains above ₹4,072.
Targets:
First Target: ₹4,738 (Aligned with a prior swing high, acting as immediate resistance).
Second Target: ₹5,196 (Higher Fibonacci projection level, indicating trend continuation).
Stop Loss: Below ₹3,851 (To manage risk if the demand zone fails).
Learning Points:
Change of Character (ChoCH): A transition from downtrend to uptrend, marking a potential reversal.
Wave C Setup: Accumulation during the corrective phase leads to a demand-driven uptrend.
Risk-Reward Focus: Entering above ₹4,072 ensures alignment with the trend, minimizing false signals.
Reason for Action:
Demand Zone Validation: The bounce from ₹3,851 - ₹3,922 confirms strong demand.
Breakout Strength: Sustaining above ₹4,072 validates the bullish setup.
Targets Justification: Both targets align with resistance levels and Fibonacci projections.
SUNDARAMFIN Trading near Fresh Demand Zone of ₹4269.8 to ₹4139.1SUNDARAMFIN's current price is ₹4278, slightly above a fresh demand zone between ₹4269.8 and ₹4139.1. This zone, untested so far, may serve as a potential support level, indicating buying interest if the price revisits this range. Investors could consider monitoring for price reactions around this zone to evaluate potential accumulation or a rebound.
Sundaram FinanaceKindly do your own study and take position.
This stock was consolidated at ATH leve. Now price has given ATH range breakout.
Monthly price has challenged upper BB.
Monthly MACD PCO stat
Monthly RSI is in momentum
Weekly first candle has challenged upper BB and looks ABC correction is over and B point has gone.
Weekly Macd turned up above zero line
Weeklt RSI is above 60 level
Weekly stochastic has given positive crossover from over sold zone. and came in over sold zone after long time.
Daily price has given all time high breakout with huge volume
Daily MACD is in PCO above zero line
Daily RSI is above 60 level
All EMAS are in PCO
SUNDARMFIN1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
SUNDARAM FINANCEAll time high break out in this stock. in this weak market scenerio. this stock closses very strongly with increased volume
sl green candle low
target near 4200 very gud risk reward ratio.
it has gud potential upside target. follow strict sl & proper risk reward ratio. this is the only holy grail in the market.it has gud potential upside target. follow strict sl & proper risk reward ratio. this is the only holy grail in the market.
bearish market but breakout chartSundaram Finance Ltd.
SUNDARMFIN NSE
Chart analysis each week
1) Lifetime chart treading in a gloomy market
2) bullish candle and decent stock value
3) stock down from this level in July 2021
4) stock broke down this level the previous week but was not sustained at level
5) stock is now sustained with value and a bullish candle.
6) With a stop loss of 2580, the next target is 4000.
7) SMA 50 is 2600
8) SMA 100 is 2424
9) SMA 200 is 2065
10) There is no buy-and-sell advice.
Monthly , weekly and daily chart breakSundaram finance is ready to flying new level on daily , weekly and monthly chart.
This information is only educational purposes.
Sundarmfin looks good with small targetsSundarmfin looks good.
Range bound since 8 months.
Wait for clean breakout.
Immediate resistance might be there at 2500 and 2600 levels.
SUNDARAM FINANCE Swing High Break*SUNDARAM FINANCE*
Time Frame: Daily
Observation:
* Swing High Break
* Trendline Resistance Break
* Mean (EMA) Diversion
Resistance/Target: 2528 2729 2868
Support: 2125 1981
Sundaram FinanaceSundaram Finance (Monthly chart) is @200 Month Average after 13 yeas. (Except Covid time)
Strong NBFC from Chennai and good numbers.
I feel this is a technical correction in current market.
Added today.
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Sundaram FinanceI feel Sundaram Finance a strong NBFC from South India always gives a clue on Market. Posted is monthly chart. And the is breaking 40 Month Average once more.
We can see similar in 2008 and 2020
And we know what happened to market.
On same basis i expect Sundaram Finance to touch 1600 levels (100 month MA) where i will add more and probably re enter market.
Sundaram Finance Short Term BreakdownThe stock has broken down and retested the lower trendline and found resistance. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1
SL is placed above multiple resistance zone, upper Trendline. The target is placed near support zone and 200 EMA.
Flag like patternImportantly if you look at the lower end of the WICK of the last candle you will see that it is quite long, signifying rejection and bulls making a handsome recovery , which is a bullish sign..i would expect more upside...especially if it comes out of the flag fold with good volumes ( important)...i think i have explained the idea, but remember that this is the stock market and anything is possible...if it breaks down and moves downward please discard it.
sundaram finance bullish long only for educational purpose take your own risk.. correct me of im wrong
A new impulse wave in the making After completing an impulse wave on the monthly time frame chart sundaram finance can be expected to start a new impulse wave since it has already finished its zig zag correction. A resounding investment bet for the long term on course to be a prospective multibagger
CONTINUES FLAG PATTERNI can see continues flag pattern ,first flag given good movement will see how much second can give ? just a view not taking any trade on this
Sundaram Finance - Bearish Bias - Can Short at current levels.Sundaram Finance - Bearish Bias - Can Short at current levels.
