SHRIRAM TRANSPORT FINANCEAfter giving a breakout it appears to have completed its pullback. It could resume its uptrend from here for 1125 / 1150 as long as it remains above 1030
Midcapstocks
DLFIn daily time frame it has made an Evening Star Doji with a negative RSI divergence. It faces resistance at 215 and support now comes in at 195-190. View negates above 222.
Evening Star Doji is formed in an UPTREND, 1st candle is bullish one , 2nd candles is a DOJI candle above the body of the previous candle and 3rd candle is a bearish one below the DOJI candle and closing below the midpoint of the 1st candle (bullish one )
Negative RSI Divergence happens in an UPTREND when the stock/index makes a higher high but the RSI fails to do so making a lower high and curls downwards.
Wabco India - Good for medium term investment. Medium term investors may look at Wabco India, looks like a good buy around 6280-6330 levels.
Targets can be 6580 - 6780 in 2-3 months, keep 6140 as stop loss.
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This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions.
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