Bajfinance has now broken the flag and again going to test the important level of 2450. It seems to bullish to us as it has broken a flag and trading above 2370. One can take long position around 2390-2400 with Stop Loss being below 2362 for upside targets of 2750 as shown on chart.
If it has to reverse, then it might reverse from 2418-2450 level. Hence if one is ...
A long term bullmarket in Finance stocks may be coming to an end.
LICHSG confirms Bearish Head&SHoulder pattern by closing below its neckline(460).
SEll on rallies towards 460 and wait for targets of 398 and 355 on this stock with a closing stoploss above 485
This is a weekly chart of ShriRam transport Finance Limited.
As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end.
Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880