Shriram Transport Finance – All set to rally?

After a steep fall from 1289 to 1050 levels, looks like Shriram Transport FinanceNSE:SRTRANSFIN has been slowly rising upward.

I can see that the stock has taken support between 50% and 61.8% of the previous uptrend, and has formed a Morning Star Reversal pattern.

Good opportunity to go long here with a stop loss of 1139 for successive targets of 1237 and 1289.

However, one has to watch out for result to be declared on July 26.



Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.