Sundaram Clayton Rounded Bottom formation
Stock looks to have completed Expanding Triangle pattern in wave 4 and have bounce after taking support near 3700.
On longer term horizon stock is making rounded bottom pattern which after completing should make cup and handle pattern.
Wave 5 targets Entry and stop loss as per charts.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
On longer term horizon stock is making rounded bottom pattern which after completing should make cup and handle pattern.
Wave 5 targets Entry and stop loss as per charts.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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