#LONG on SHRIRAM FINANCE for LONG TERM; 25 Year High + Breakout
The scrip was trading below multi-year resistance trend line since 2008.It gave a breakout from the trend line on 24th Jan'24. It formed a large bullish candle on a monthly time frame returning 16% in JAN'23 and nearly 99.5% in last 12 months.
The Stock rose nearly 3.30% today hitting an ATH of 2442 which is also a 25-Year High.
Stop Loss: as per risk appetite.
Potential:69% to 138%
Time period: 1-3 years (It's a long term bet)
The Stock rose nearly 3.30% today hitting an ATH of 2442 which is also a 25-Year High.
Stop Loss: as per risk appetite.
Potential:69% to 138%
Time period: 1-3 years (It's a long term bet)
Note
on track to target 1...approaching slow and steady.
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