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SundarmFin | Parallel Channel Breakout

Long
SUNDARAM FINANCE L (NSE:SUNDARMFIN)  
Divergent_trader  
NSE:SUNDARMFIN   SUNDARAM FINANCE L
Chart Patterns Technical Indicators Divergence LONG
3
0
chartpattern indicator divergence long
A 6-month Parallel channel breakout is seen in this stock. A double bottom with MACD-H divergence precedes this breakout as well. This can indicate a strong trend ahead. Levels are as follows. Buying above 2494 with a SL of 2325. Targets of 2700 can be expected.

Please trade according to your risk appetite. Thank you & Happy trading.

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