ReeAishw

SRTRANSFIN- Multi-time Frame + Fibo + Breakout

Long
NSE:SRTRANSFIN   SHRIRAM TRANSPORT
Overall the stock has a positive trend, but pullbacks are very deep.

- Requires proper breakout with volume .

The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence

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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)

HAPPY TRADING!!!

Comments

srt - the real gem❤
+1 Reply
Thanks, I got SRTFin 1360 CE at 48.05.. Breakout failed.. noon sessions stock fell, I did not exit, holding 6.5K loss now. as per the chart looks like it will go to 38.2%
Reply
@parameswaran85 I think you should keepp a track of Fii/Dii data, today Retails had alot of open long Positions and maybe that's why market fell like that today. So do keep a track of that. Once that's gets a bit better stocks will regain the power.
+2 Reply
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