SUNDRMFAST - Technical Analysis

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

Technical Rating: 2.8

Here’s a detailed technical analysis of Sundram Fasteners Ltd. (SUNDRMFAST)

📊 Trend Overview

Current Trend: Bearish to Consolidating

Price is hovering around 50-DMA (₹1,006) and below 200-DMA (₹1,049) — signals short-term weakness.

RSI (47.0) — neutral zone, but leaning bearish.

MACD (-0.54) — slightly negative, indicating fading momentum.

Volume: Below 1-week average — suggests low conviction and weak participation.

📈 Chart Patterns & Indicators

Moving Averages

Price ≈ 50-DMA and < 200-DMA → indecisive structure.

No bullish crossover in sight.

Bollinger Bands

Price near mid-band — no breakout or squeeze pattern.

Support Levels

₹980 – ₹1,005 (current base zone)

₹950 – ₹965 (trendline support)

₹831 (52-week low)

Resistance Levels

₹1,006 (50-DMA)

₹1,049 (200-DMA)

₹1,100 – ₹1,150 (recent swing highs)

🔍 Momentum Signals

Short-Term Bias: Neutral to Bearish

RSI < 50 and MACD negative — weak momentum.

No bullish divergence or reversal pattern visible.

Volume Trend: Declining — no signs of accumulation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹980 – ₹1,005 Near support, potential bounce zone

Exit Target ₹1,049 – ₹1,100 Resistance at moving averages

Stop Loss ₹965 Below trendline and support zone

🧠 Summary

SUNDRMFAST is currently consolidating within a broader downtrend, with technical indicators pointing to weak momentum. A tactical entry near ₹980–₹1,005 could offer a short-term bounce opportunity, but upside is capped unless price breaks above ₹1,049–₹1,100 with volume confirmation. Traders should remain cautious and wait for clearer reversal signals before taking aggressive positions.

Want to explore how SUNDRMFAST compares with other auto component stocks or dive into sector sentiment shifts? I’ve got plenty of insights to help you stay ahead.

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