Shriram Transport Chart Analysis !!📈 Shriram Transport 📉
This Stock Broke out from a Resistance zone of 1140-1155 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Dec Jan Fab. So It makes this a Strong breakout.
You Can Ride This Stock for Long run.
Bias - Long
Target - 1283, 1402, 1505, 1667
SL - 1085
RR- 1 : 5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Shriramtransport
Shriram transport Long opportunityNSE:SRTRANSFIN
Hello all!
Shriram Transport is stuck in a flag and Pole pattern here. The Pole and flag patterns are famous for giving great breakouts. It's at the bottom trendline of the flag which I believe is a good place to buy as the Risk is too small and Rewards are big.
Apart from the pole and flag, there are multiple other reasons to go long:
1) Stock is currently in its support zone.
2) It is being supported by its 50 week EMA and 200 daily EMA.
Thus there is a strong triple confluence and the Reward to Risk ratio is also favorable.
Do let me know your thoughts on this!
*NOT A CALL*
Shriram Transport- A Long Candidate With a Potential 25% UpsideFolks,
Shriram Transport may have just completed a Triangle in the form of Wave 4th (Wave count in Blue) and now about to start it's journey for the 5th up, as depicted on the chart.
An easy target could be placed at the 38.2% extension which is at 1750 (and maybe beyond) which is a 25% upside .
A word of advice as always, tread cautiously and work with a tight stop loss, since the up-move will mark the completion of an Impulse of a large degree.
Please don't forget to 'Like', or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Cheers !!
Note: This view shall be invalidated if the price goes below 1330 with force.
Shri Ram Transport Fin. Bearish Trend !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
SRT - EducationEducation.
CMP 1006
Daily Support range 980-1002 for good B.
Trend line for 30 minutes fir short term.
SRTRANSFINIm not an expert im just sharing my views on SRTRANSFIN for tomorrow
Im not responsible for any profit or loss this is not a recommendation
BTST IN SRTRANSFINBTST IN SRTRANSFIN
BUY677
STOP@664
TARGET-1@697
TARGET-2@715
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
SHORT - Shriram Transport FinanceShort around 800 with SL at 830 and Target at 610.
Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.
!!INTRA-DAY SHORT IN SRTTRANSFIN MAY FUT!!SHRIRAM TRANS FUT
SHORT@723.2
STOP@748.3
TARGET@695
QTY=1200
SRATES ARE AS PER SPOT
PLEASE ADJUST FOR FUTURES
Shriram Transport Finance: Nice Price Action At SupportPrice has been finding suppport / buying interest close to the Rs.1,000 mark. This is apparent from the price action and volume signature in the chart. Over the past few days, the price has been consolidation in a tight range, suggesting potential accumulation. A breakout above immediate pivot resistance at Rs.1,050 will be interesting. All bets off below the recent spike low of Rs.975.
Buy Shriram Transport [SRTRANSFIN] with a SL of 1047Buy NSE:SRTRANSFIN with a SL of 1047 for targets of 1075/1086. Buy on a dip and adjust your volumes as per the entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.