Sundaram Finance Ltd. - CONSOLIDATING WITH BEARISH SIGNS!!

Sundaram Finance Ltd.

The stock is consolidating in a symmetrical triangle pattern in the daily chart. It is likely to see breakout either side of the range 1190-1290.

Technical parameters look neutral.
****TRADINGEDGE TIME-TREND IS BEARISH****
****TRADINGEDGE BANDS ARE IN RED-ZONE****

I personally might look for a shorting opportunity. Once the prices break the DEMAND ZONE (1160) with volume, the next DEMAND ZONE is below 1060.

KEEP AN EYE!! #B-
#tradingedge_academy #SMTA_institute

***this is my personal view. Please take advice from your financial advisor before investing.