Shriram Transport Finance – All set to rally?


After a steep fall from 1289 to 1050 levels, looks like Shriram Transport Finance NSE: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.
Both targets done !!
What a move !!...met first target on day 1 itself !
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