Shri Ram Transport - Head and Shoulder Pattern
Updated
This is a weekly chart of ShriRam transport Finance Limited.
As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end.
Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880
As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end.
Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880
Trade active
Modify stoploss to 1155Trade closed: target reached
Note
Stock retested neckline and falling again. Sell with a closing stoploss of 1230 and wait for 880 levels.More pain ahead in finance sector stocks.
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