trending stock, Trending Stock: This stock is today’s top trend … increased revenue up to 5%! – June 30 top trending stock is sundram fasteners limited

Shares of Sundaram Fasteners rose in early trade today. This is an increase of almost 5 percent. As a result, the stock price rose to Rs. Passed 730. Also, the 20-day moving average and the 50-day moving average moved higher. More volumes have also increased. If you look at the daily volumes .. today the 10 day and 30 day average volumes are higher. The volumes continue to increase for the fourth session in a row. It is safe to say that supply was low and demand was high for the market.

According to the technical chart this stock has created a double bottom pattern. It is trading at Rs. 675. The stock price has risen nearly 11 percent since this level. The rally was recorded for a while. In addition, the technical parameters indicate the strength of the stock. The 14-day RSI (57.52) indicates growth above the previous swing high. A few days ago the MACD created a bullish crossover. Also the Elder Impulse system provided a new buy signal.

Given the strength of the stock and the rising price structure, stocks are likely to perform better in the near future. Strong support levels are at least seen as a positive factor. The share price is around Rs. It will be a good opportunity for traders to reach the 800 level.