Sundaram Finance Holdings Ltd - Flag & Pole Breakout
#SUNDARAMHLD
CMP : ₹.168.35/-
Date : 07-01-2023
Sundaramhld is involved in the business of financial services. Technically a strong performing company which is giving consistent returns for the last five years. ROE,ROA & ROCE improving for the last 2 years with increasing profit margin. A nil debt company with zero promoter pledge. Stock is now near it's 52 week high with a flag and Pole Pattern breakout identified. Waiting for a retest for the further move as it's in an overbought zone. Profit booking can be expected. After that a steady surge towards 200 levels can be stoploss below ₹.155 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP : ₹.168.35/-
Date : 07-01-2023
Sundaramhld is involved in the business of financial services. Technically a strong performing company which is giving consistent returns for the last five years. ROE,ROA & ROCE improving for the last 2 years with increasing profit margin. A nil debt company with zero promoter pledge. Stock is now near it's 52 week high with a flag and Pole Pattern breakout identified. Waiting for a retest for the further move as it's in an overbought zone. Profit booking can be expected. After that a steady surge towards 200 levels can be stoploss below ₹.155 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
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