#SUNDARMFIN

Fundamentals:
* ROCE - 9.2%, ROE - 14.2%. Debt to Equity - 4.5 (Financial companies use debt as their inventory)
* EPS / Revenue - has been steadily increasing
* FIIs - Have marginally increased holding from 18.42% to 18.61% which it is high.
* Retail holding levels have gone down marginally
* Promoter holding has remained steady mostly
* Domestic instituitions have reduced stake

Technicals:
* Price is consolidating and forming a triangle pattern
* Volumes have subsided indicating silent accumulation by Instituitions
* RVOL is just near 100%, and last two sessions the volume indicates increase in trading
* Relative strength is strong / Momentum indicates steady maintenance / ADR is 4.4% and indicating up move
* Weekly chart shows clear signs of consolidation and a potential double bottom move.
* In weekly chart we can see that the stock is trying to consolidate and the 10 WEMA is trying to cross above 20 WEMA
* Price has remained stuck at 23.2% fibo and now trying to move up.

The stock is not that fundamentally sound compared to its peers. However, it is presently giving a very tight entry opportunity.
Additionally, the CNX Finance / Nifty Bank / Nifty PSU Bank are showing strength.
In this market of gloom, that is the only sector which is trying to shine.


Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.