SURYODAY trade ideas
Suryoday Small Finance Bank (IPO Based Strategy)IPO based strategy
also Darvas Box Stratgy Break out given
RSI above 60 Daily and weekly Monthly 57 (can consider as above 60)
EMA in line (200 EMA not yet formed)
support darvax box low 151
expected level IPO price 296
if sustain above IPO level then more upside
Suryoday Bullish long Term Buy IdeaAfter consolidation of Monts Finally Suryodaya has given a breakout and we can see the Volume is also on higher side, Since the Listing of the stock it was in downward direction, and from past year Stock is now in its bullish Run We can see a good upward move.
Disclaimer: I am not SEBI Registered; this is not a recommendation. Analysis shared for educational purpose only.
Suryoday Small Fin Bank - Swing and Mid Term Investment PickThe stock is in up trend in Monthly , weekly.
The Weekly and Monthly RSI are fantastic, just moving above 60 on the way after touching the lower band at 40.
The weekly has given a multi year breakout, has just broken the supply range at 190.
I would consider an entry at 188 zone - Retest and look for 225 as swing trade target . 25 %
For an Investment, I would consider a 1:2 Risk reward , SL at 145 level - weekly closing basis, Target at 280. I consider trailing my investment profits at each level with an exit if closing below 20% from any level.
SuryodayStock name = Suryoday Small Finance Bank.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.