📈 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...
NSE: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...
Folks,
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...
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.
Short 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.
Price 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...
Buy 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...
![SRTRANSFIN: Buy Shriram Transport [SRTRANSFIN] with a SL of 1047](https://s3.tradingview.com/t/TLKG8T3Z_mid.png "Buy Shriram Transport [SRTRANSFIN] with a SL of 1047")
