SUNDARMFIN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.7

Here’s a detailed technical analysis of Sundaram Finance Ltd. (SUNDARMFIN)

📊 Trend Overview

Current Trend: Bearish with oversold signals

Price is below both 50-DMA (₹5,035) and 200-DMA (₹4,788) — confirms short- and medium-term weakness.

RSI (33.5) — deep in bearish zone, approaching oversold territory.

MACD (-21.5) — strongly negative, indicating persistent downward momentum.

Volume: Above 1-week average — suggests active selling pressure.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → bearish structure.

No bullish crossover in sight.

Bollinger Bands

Price near lower band — oversold zone, potential bounce setup.

Support Levels

₹4,720 – ₹4,746 (current price zone)

₹4,600 – ₹4,650 (trendline support)

₹3,733 (52-week low)

Resistance Levels

₹4,788 (200-DMA)

₹5,035 (50-DMA)

₹5,200 – ₹5,300 (recent swing highs)

🔍 Momentum Signals

Short-Term Bias: Bearish with potential for technical rebound

RSI < 35 and MACD strongly negative — weak momentum.

No bullish divergence yet, but nearing oversold zone.

Volume Trend: Elevated — suggests strong selling, but could precede a bounce if exhaustion sets in.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹4,720 – ₹4,746 Near support, oversold indicators

Exit Target ₹4,950 – ₹5,035 Resistance at moving averages

Stop Loss ₹4,600 Below trendline and support zone

🧠 Summary

SUNDARMFIN is currently trending downward, with technical indicators pointing to continued weakness. However, the stock is approaching oversold territory, which may offer a short-term bounce opportunity. A tactical entry near ₹4,720–₹4,746 could be considered, but confirmation via volume and RSI recovery is essential. Traders should remain cautious and avoid aggressive positions until momentum improves.

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