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Technicals for Sundram Fasteners Limited
By MusingTheNews
2026-02-03 20:57
Overall Technical outlook
Price Summary
On 2026-02-03, SUNDRMFAST's stock began at 989.75, peaked at 1010.15, dipped to 950.25, and closed up -1.01% at 979.8, with a volume of 130893 shares. The stock reached its highest price of 1070.3 and its lowest price of 848.6 during the 52-week period. 4 analysts estimate that the future price of SUNDRMFAST will fall between 1040.0 and 1576.0, with an average price expectation of approximately 1241.75.
Technicals
Support and Resistance: The price of 979.8 is supported at 979.6 and encounters resistance at 1010.35. This suggests key levels where the price might find stability, with 979.6 providing a base and 1010.35 acting as an upper boundary for SUNDRMFAST. Support/Resistance for SUNDRMFAST
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Sundram Fasteners Limited
Bol. Bands: The price remains above the upper Bollinger Band, where it has been since its last upward move. This indicates strong bullish momentum and suggests that the asset could be in an overbought condition. Traders might view this as a sign of continued strength, but the extended period above the band also raises the possibility of an impending correction or pullback. Bolinger Bands chart for Sundram Fasteners Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for SUNDRMFAST. Parabolic Stop and Reverse chart for Sundram Fasteners Limited
Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Stochastic chart for Sundram Fasteners Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Tripple SMA chart for Sundram Fasteners Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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