Sundaram Finance Ltd - February 18 Projection Update

Bullish Scenario (Breakout Above ₹4725)

If price sustains above ₹4725, it can move toward ₹4760 → ₹4785 → ₹4815.
A confirmed breakout above ₹4965 would indicate a strong bullish trend.

CMP: ₹4741 (as per the chart)

Bullish Scenario (Breakout Above ₹4725) - Holding Above This Level
If price sustains above ₹4725, the next targets are:
₹4760 → ₹4785 → ₹4815
A confirmed breakout above ₹4740 would indicate a strong bullish trend, opening up higher targets.

Key Resistance Zones:

• ₹4760-4785 (Bearish Fair Value Gap - FVG)
  
• ₹4815 (Bearish OB - Daily Resistance)
  
• ₹4929-4965 (Major Supply Zone & FVG)
  

Bearish Counter Scenario (Rejection at ₹4760-4785)
If price fails to hold above ₹4725, expect a pullback towards:
₹4673 → ₹4618 (Bullish FVG Support Zone)
A break below ₹4618 could push the price towards ₹4553 and further into the ₹4421-4486 demand zone.

Final Outlook:

• Bullish Bias: Above ₹4725 with ₹4760+ as the next key level.
  
• Breakout Confirmation: Daily close above ₹4965.
  
• Bearish Reversal: Below ₹4673, with key supports at ₹4553 and ₹4421-4486.
  

Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance doesn’t guarantee future results. Do your own research and consult a financial advisor before making any decisions. The author is not responsible for any losses. Trade at your own risk.