Shriram Transport may have just completed a Triangle in the form of Wave 4th (Wave count in Blue) and now about to start it's journey for the 5th up, as depicted on the chart. An easy target could be placed at the 38.2% extension which is at 1750 (and maybe beyond) which is a 25% upside. A word of advice as always, tread cautiously and work with a tight stop loss, since the up-move will mark the completion of an Impulse of a large degree.
Please don't forget to 'Like', or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Cheers !!
Note: This view shall be invalidated if the price goes below 1330 with force.
@abrahamsetti For the bullish case to remain intact, above 1350. Also note, this is not an intraday / short term call. Positions may have to be held for a month or 2, before the target is hit.
abrahamsetti
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@VIISHAL, thanks Vishal. it was around 1370+ this morning. looks like a good time to enter for 1-2 months as you recommended. thanks again
BullHasArrived
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An idea after a long while, but worth the wait
VIISHAL
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@BullHasArrived Thanks... yes it’s been long that I posted anything, just out of sheer laziness :)