SUNDARMFIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

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

📊 Trend Overview

Current Trend: The stock is in a consolidation phase, having pulled back from its 52-week high of ₹5,536 to ₹4,587. It’s trading below both the 50 DMA (₹4,716) and 200 DMA (₹4,741), indicating short-term weakness.

Long-Term Trend: Still intact, but losing momentum. The 200 DMA is flat, suggesting a pause in the broader uptrend.

📈 Moving Averages

50 DMA: ₹4,716

200 DMA: ₹4,741

Current Price: ₹4,587

Interpretation: Price is below both averages, reinforcing a bearish bias. A close above ₹4,750 would be needed to confirm trend reversal.

📉 MACD & RSI

MACD: Deeply negative at -61.8, signaling strong bearish momentum.

RSI: Neutral at 48.2 — no overbought or oversold signal, but leaning bearish.

Conclusion: Momentum indicators suggest caution. A MACD flattening and RSI > 50 would be early signs of recovery.

📊 Volume Trends

Current Volume: 49,877

1-Week Avg Volume: 70,930

Interpretation: Volume is below average, indicating low conviction. Watch for volume spikes near support or resistance for directional clues.

📉 Bollinger Bands

Price is likely near the lower band, which may act as short-term support. A bounce from this level could indicate a reversal, but confirmation is needed.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 4,500 Near-term support zone

Support 2 4,200 Previous swing low

Resistance 1 4,716 50 DMA, immediate ceiling

Resistance 2 4,741 200 DMA, major resistance

Resistance 3 5,000–5,200 Intermediate swing highs

🎯 Entry & Exit Zones

Optimal Entry: ₹4,500–₹4,550 (on pullback with confirmation)

Exit Zone: ₹4,950–₹5,200 (partial profit booking), ₹5,500+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Bearish

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹4,500–₹4,550 only if support holds. Avoid aggressive entries until price breaks above ₹4,716 with volume and MACD flattens.

Let me know if you'd like a visual chart overlay or swing trade setup based on this!

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