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
On daily cart @indiabulhsg near Resistance zone (1380-1390) levels, I expect it to resist back the history, but volume is good on stock don't short instant wait for 1-2 session and see it holds the same resistance... If it hold back sell for the near support 1270.
Kindly understand the importance of volume and price action.
Note : if any update or if you...
Based on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 22-Jun-2018 for IBULHSGFIN
Sell Below(5Min candle close): 1170.3 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you...
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 07-Jun-2018 for IBULHSGFIN
Buy Above: 1183.1 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
Stock has been in a strong one way downtrend. Currently near a support zone of 1125-1130.
This zone is quite important. There is 1:1 harmonic completion in this zone. Also 38.2% retracement of its bull move from 600 to 1450 falls in this zone.
I am not expecting complete reversal, due to enormous strength in the current downmove, but a relief rally that could...