Today Shriram transport did a good up move by breaking a falling trendline resistance and breaks a strong horizontal resistance too which happened with a strong volume addition in it, tomorrow's market is not looking good due to fall in global indices but yes after all we can say that it is a good breakout in this stock so we can see and upward rally very soon in...
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.
so many times we discussed about this stock.right ??
and I think u booked good intra profits & short term profits.
again & again it's giving more and more opportunities.
so watch it guys.
SRT NOW LOOKING BULLISH IN 2HR TF
BUT HUGE CALL WRITTERS WERE
SITTING IN 700.SO TOUGH TO MOVE .
710-716 MIGHT BE A REITANCE
IF BROKE FURTHER UP POSSIBLE
WATCH FOR BREAKOUT FAILUR & PULLBACK
STILL NOW THIS MONTH IN RANGE
NOW MOMENTUM IS UP
WAIT TO WATCH THE ACTION
INVERTED HEAD AND SHOULDER PATTERN
TRADE SETUP !
CHART PATTERN !
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 setup, if available then Long/short.
Reward is 6k to 12k Profit.
Rising Wedge Pattern formation on SRTRANSFIN and lead to fall once if broken the pattern. But MACD not clear bearish, seems bearish on bullish trend.
Trade:
Short below = 1057
Target 1 = 1044
Target 2 = 1032
Stop loss = 1067
