SUNDRMFAST - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.2

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

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend, having rebounded from its recent low of ₹831 and now trading above both the 50 DMA (₹1,006) and 200 DMA (₹1,034). This crossover signals bullish momentum.

Long-Term Trend: Still recovering from a broader downtrend, with potential to retest higher resistance zones.

📈 Moving Averages

50 DMA: ₹1,006

200 DMA: ₹1,034

Current Price: ₹1,044

Interpretation: Price is above both DMAs, confirming a bullish bias. Sustaining above ₹1,050 would strengthen the trend.

📉 MACD & RSI

MACD: Positive at 13.4, indicating bullish momentum.

RSI: At 60.0, in a healthy range — not overbought, but showing strength.

Conclusion: Momentum indicators support a buy-on-dips strategy. RSI above 60 and MACD rising suggest continuation.

📊 Volume Trends

Current Volume: 69,442

1-Week Avg Volume: 2.02 lakh

Interpretation: Volume is significantly below average, indicating low participation. A breakout above ₹1,060–₹1,080 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the upper band, signaling strength but also short-term resistance. A breakout with volume would confirm trend continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,006 50 DMA, short-term support

Support 2 980 Previous swing low

Resistance 1 1,080 Near-term resistance zone

Resistance 2 1,200–1,280 Intermediate swing highs

Resistance 3 1,498 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,000–₹1,020 (on pullback with confirmation)

Exit Zone: ₹1,200–₹1,280 (partial profit booking), ₹1,480+ (final target if breakout sustains)

🔍 Summary

Trend: Reversing upward

Momentum: Bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹1,000–₹1,020 with breakout confirmation above ₹1,080. Target ₹1,200–₹1,480 over the next few weeks.

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

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