Sundaram Finance | Falling Wedge Breakout with Strong Volume

Pattern: Falling Wedge breakout followed by consolidation (bullish continuation).

Breakout Confirmation: Clean breakout from both the wedge and the consolidation box with strong volume.

Indicators:

Volume: Spike visible (🔵 arrow) – confirming strength.

RSI: Crossed above 60 – entering bullish momentum territory.

EMAs: Price trading above all major EMAs – trend supportive.

Buy Recommendation:
Entry Range: ₹340–₹350
(Post-breakout retest may offer ideal entries if available)

🎯 Target Levels:
Short-Term Target: ₹375

Mid-Term Target: ₹410–₹425
(Based on previous swing highs and wedge height projection)

🛑 Stop Loss:
SL Level: ₹320 (below the consolidation box low)

for educational purposes only