SUNDRMFAST - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.3

📊 Chart Patterns: SUNDRMFAST is trading slightly below its 50 DMA (959 ₹) and 200 DMA (1,003 ₹), showing weakness. Support lies near 831 ₹, while resistance is around 959–1,003 ₹. The broader chart suggests consolidation with bearish undertone.

📈 Moving Averages: Current price (947 ₹) is below both 50 DMA and 200 DMA, indicating short-term bearish momentum.

📉 RSI: At 42.2, RSI is neutral to weak, suggesting limited momentum and potential for further downside.

📉 MACD: Negative (-7.67), confirming bearish crossover and subdued momentum.

📊 Bollinger Bands: Price is near the lower band, indicating mild oversold conditions and possible short-term bounce.

📊 Volume Trends: Current volume (30,910) is nearly equal to average weekly volume (31,274), showing stable but weak participation.

🚦 Momentum Signals: Short-term momentum is weak. A bounce may occur near 930–940 ₹, but sustained recovery requires crossing 959–1,003 ₹.

🎯 Entry Zone: 930–950 ₹ (near support).

🎯 Exit Zone: 1,000–1,030 ₹ (resistance at 200 DMA).

📌 Trend Status: The stock is consolidating with bearish bias, not yet reversing into an uptrend.

Positive

• Strong ROCE (17.4%) and ROE (14.7%) indicate efficient capital usage.
• Low debt-to-equity ratio (0.14) ensures financial stability.
• Quarterly PAT improved slightly from 138 Cr. to 140 Cr. (+7.37% variation).

Limitation

• High P/E (38.0) compared to industry average (30.0) suggests overvaluation.
• PEG ratio of 6.60 indicates expensive growth prospects.
• Weak technicals with price below both 50 & 200 DMA.

Company Negative News

• FII holdings decreased by -0.54%, showing reduced foreign investor confidence.
• Stock struggling to sustain above key moving averages.

Company Positive News

• DII holdings increased by 0.61%, reflecting domestic institutional support.
• Consistent dividend yield (0.78%) and strong balance sheet.

Industry

• Industry P/E at 30.0 indicates moderate valuation compared to SUNDRMFAST’s higher levels.
• Auto components sector remains cyclical but supported by demand in manufacturing and exports.

Conclusion

⚖️ SUNDRMFAST is consolidating with bearish bias, trading below key moving averages. Short-term traders may consider entry near 930–950 ₹ with exit around 1,000–1,030 ₹. Long-term investors should be cautious due to high valuations and weak momentum, but strong fundamentals and low debt provide resilience.