SRTRANSFIN has broken out of a mid term symmetrical triangle pattern with huge volume breakout. Tomorrow we could see a followthrough of this breakout. The MACD has crossed the signal line & center line signalling a buy. The DI+ has crossed over DI- signalling a buy.
Buy at current levels for target of 1110/1119.5 . Watch if it gets taken out & ride along as long as signs of exhaustion appears. Transport as such is a huge beneficiary of GST and obviously anybody financing these Transport Vehicles is no exception.
Also strong Long Positions are seen built up by FII's in this counter.
Keep a tight stop of 1011 on a closing basis for tomorrow & trail the SL thereafter.