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CA Omkar Bhutada - SEBI Reg IA

28th Jun 2025 ยท SEBI-Registered Analyst

๐Ÿ’ฅ Sundaram Finance Holdings: Clean Breakout After 6 Years of Base! ๐Ÿš€

SUNDARMFIN
After consolidating below โ‚น305 for nearly 6 years, Sundaram Finance Holdings has finally given a monthly breakout with a 39.41% candle โ€“ backed by volume and strong Fibonacci confluence. The breakout has unlocked massive upside potential. ๐Ÿ“Š Technical Analysis ๐Ÿ“ˆ Horizontal breakout above โ‚น305 โ€“ the neckline of a multi-year accumulation base (2018โ€“2024) ๐ŸŸฉ Strong Fibonacci confluence zone near โ‚น555โ€“โ‚น641, with further target at โ‚น900+ ๐Ÿ”ฅ Massive bullish candle โ€“ price zoomed nearly 90% from the bottom โœ… 0.618 retracement (โ‚น488) is now acting as short-term support ๐Ÿ“‰ Multi-Signal Confirmation โœ… Price holding above AVWAP from previous swing highs ๐Ÿ“‰ Previous dips respected Fibonacci zones โ€“ classic wave 2 & wave 4 retracements ๐Ÿ“Š MACD turning upward, indicating fresh monthly momentum ๐Ÿ“ˆ High volumes + price expansion = Institutional accumulation ๐Ÿ“Œ Fundamental Context ๐Ÿ’ผ Part of the TVS Group, known for governance, stability & capital efficiency ๐Ÿฆ Diversified portfolio across finance, automotive holdings, and insurance ๐Ÿ“Š High ROE + debt-free balance sheet in the holding structure ๐Ÿ” Market now beginning to re-rate the value of underlying investments ๐ŸŽฏ Positional Setup CMP: โ‚น527 Target 1: โ‚น641 (Fib 1.0) Target 2: โ‚น900 (Wave 3 projection) SL: โ‚น440 Timeframe: 6โ€“12 months RR: 1:3+

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