📈 Shriram Transport 📉
This Stock Broke out from a Resistance zone of 1140-1155 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Dec Jan Fab. So It makes this a Strong breakout.
You Can Ride This Stock for Long run.
Bias - Long
Target - 1283, 1402, 1505, 1667
SL - 1085
RR- 1 : 5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
This Stock Broke out from a Resistance zone of 1140-1155 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Dec Jan Fab. So It makes this a Strong breakout.
You Can Ride This Stock for Long run.
Bias - Long
Target - 1283, 1402, 1505, 1667
SL - 1085
RR- 1 : 5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached
