Sindhu Trade Links share price jumped over 8% on Friday, extending its gaining streak for the fourth consecutive trading session, led by strong buying momentum. The small-cap stock surged as much as 8.65% to ₹28.51 apiece on the BSE.
Sindhu Trade Links shares have rallied 16% in four sessions. The gains in the smallcap stock was supported by robust trading volumes. Around 93 lakh equity shares of Sindhu Trade Links changed hands on stock exchanges on July 3, significantly higher than its one week average trading volumes of 27 lakh shares, and one month average trading volumes of 21 lakh shares.
Technical Outlook
Sindhu Trade Links share price is forming a bullish 21-week cup-and-handle pattern and is now approaching a decisive breakout zone near ₹27.5, noted Anshul Jain, Head of Research at Lakshmishree Investments.
“The prolonged base formation reflects sustained accumulation, with price action gradually absorbing overhead supply. A strong weekly close above ₹27.5 would confirm the breakout and signal the start of a fresh expansion phase. The pattern offers a favourable risk-reward setup, provided the breakout is supported by healthy volumes and sustained participation,” said Jain.
Post confirmation, he believes bulls are likely to target the ₹32.75 zone initially, followed by ₹34 as the next key resistance. The breakout level will serve as an important support and invalidation zone, while failure to sustain above it could delay the bullish continuation.
Sindhu Trade Links share price has gained 8% in one month and has rallied 28% in three months. The smallcap stock has surged 40% in six months, while it has fallen 6% in one year. Over the past five years, Sindhu Trade Links shares have delivered multibagger returns of 760%.
At 12:35 PM, Sindhu Trade Links share price was trading 6.06% higher at ₹27.83 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
