investigationofchart

bearish market but breakout chart

Long
NSE:SUNDARMFIN   SUNDARAM FINANCE L
Sundaram 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.

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