Sundaram Finance | Falling Wedge Breakout with Strong Volume Pattern: Falling Wedge breakout followed by consolidation (bullish continuation).
Breakout Confirmation: Clean breakout from both the wedge and the consolidation box with strong volume.
Indicators:
Volume: Spike visible (🔵 arrow) – confirming strength.
RSI: Crossed above 60 – entering bullish momentum territory.
EMAs: Price trading above all major EMAs – trend supportive.
Buy Recommendation:
Entry Range: ₹340–₹350
(Post-breakout retest may offer ideal entries if available)
🎯 Target Levels:
Short-Term Target: ₹375
Mid-Term Target: ₹410–₹425
(Based on previous swing highs and wedge height projection)
🛑 Stop Loss:
SL Level: ₹320 (below the consolidation box low)
for educational purposes only
