SUNDARAM FINANCE - RISING WEDGE SINCE AN YR
Hi All,
This idea is about Sundaram Finance Holding
Fundamentals
Market Cap - 6k Cr
Mkt Cap/Sales - 20.9
ROE - 12%
P/BV - 1.27
Div Yield - 2.81%
Technicals
Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term.
Traders can take positional trades to capture the move.
There is a small resistance for which traders need to be careful. Price reverted twice from that level
SL will be lower channel breach
Hope for a successful trade,
Thanks,
Stock-n-Shine
This idea is about Sundaram Finance Holding
Fundamentals
Market Cap - 6k Cr
Mkt Cap/Sales - 20.9
ROE - 12%
P/BV - 1.27
Div Yield - 2.81%
Technicals
Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term.
Traders can take positional trades to capture the move.
There is a small resistance for which traders need to be careful. Price reverted twice from that level
SL will be lower channel breach
Hope for a successful trade,
Thanks,
Stock-n-Shine
Feragatname
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