skandha1986

SHRIRAMFIN - 50% upside potential - Triangle pattern breakout

Long
skandha1986 Updated   
NSE:SHRIRAMFIN   SHRIRAM FINANCE LTD
SHRIRAMFIN has formed a triangle pattern, given a breakout and is at retracement level, earlier resistance may act as support now.
1300-1330 is a good buy zone.
SL: Daily candle close below 1300 levels.
Target: 1970 levels in 5 - 10 months timeframe.
Note: If it sustains above 1700 levels, it is good to hold for long term with targets of 2300 and then 2800+ levels.
Trade active:
More upside coming
Trade active:
Some consolidation may be seen around 1800 levels.
But momentum in stock is strong.
Trade closed: target reached:
1970 target done in 5 months :)

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