SRTRANSFIN
SHRIRAM TRANSPORT BULLISH VIEWBUY SRTRANSFIN IN CASH/FUT CMP 1489 SL 1260 TGT 2550 BO ABOVE 1524 (3-6 MONTHS) STRONG CONSOLIDATION SEEN
Shriram Transport Finance - On the Verge of an ATH breakoutSRTRANSFIN has just attempted a Darvas Box Breakout. However, there is a small hurdle before the stock can blast and that's a potential supply zone that has not been tested yet in the past.. The last time when Price reached this level, it rejected and retraced.. Keep this stock on the watchout and when the specified level is taken out, this stock will be in Blue Sky Zone !
Breakout in Shriram Transport Finance...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SRTRANSFINThis stock has recently completed consolidation phase as wave 4th, now it has confirmed that wave 5th has been started in which wave i and wave ii has been possibly completed and now wave iii has been started along with flag breakout with good intensity of volume in weekly time frame that could be continuous and momentum ride towards north direction.
wave structure in weekly
wave structure unfolding in daily
flag breakout in weekly with volume
channel breakout in daily with volume
macd turned positive and uptick above zero line in weekly
macd turned positive and uptick above zero line in daily
rsi uptick above 60 in weekly
rsi uptick above 70 in daily
dmi adx positive ungali in weekly
dmi adx positive ungali in daily
upper bbc in weekly
upper bbc in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
buy above given levelstock has been in a range of 20% for last one year.
almost on the verge of coming near previous highs and once broken we can see a rally to match the market sentiments. as it has remained in consolidation for long we expect the upside should also be substantial.
SRTRANSFIN- Ready to BlastI have shared a buy trade at the support on 19 Aug. Price was around 1260.
Cmp is 1490
Fantastic 17% return. Now it will test ATH if range breaks.
Final target 1890.
It will be a 9 months consolidation breakout. Do not miss this out.
SHIRRAM TRANSPORT AT CRUCIAL LEVELShriram Transport Finance is trading at the lower range of the Triangle pattern and if stock sustains below 1285, we may see lower levels marked on the chart in coming sesisons.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SRTRANSFINNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
SRTRANSFIN Bullish Trend AlertSRTRANSFIN
1. down side trend reversed
2. big insitutional player entry intimation of candle formed
3. rising wedge pattern take accuracy buy dip support level
4. inside flug pattern formed and break out soon
5. expected target level
Expecting a reversal from the support levelBuy @1285-1295
Target - 1350++ (1480 also possible. But quick target is 1350)
SL - 1220
Got a good bullish candle at the support level. Possible to take reversal from here.
SRTRANS good long candidatelooks good from current levels
expecting much higher levels
stoploss will be 1200
SRTTRANSFINTook Support in Long term frame Box/Parallel Channel
Bollinger Band bottom curved
Short term Down ward channel broken
SRTRANSFIN - Trading on SupportSRTRANSFIN
Best way to trade sideways stock is buy on support sell on resistance.
Can Consider in intraday and swing also.
SRIRAM TRANSPORT FINANCE COMPANYThe stock is seen consolidating between the range 1270-1500 for almost 6 months,after coming out with poor results the stock has fallen and the news has factored in,the stock is seen taking support from its 200EMA and has seen some good buying around this strong daily, weekly and the monthly support zone of 1255-1290, initiate buying after a strong closing above 1310 with the targets of 1400/1500,moreover we know that markets are unpredictable,if the levels of 1250 are taken of then the bears will be in control and it would be a potential short candidate with the targets of 1150-1100 in the coming weeks
Reversal of Parallel Channel in SRTRANSFINSince February, SRTRANSFIN consolidating in parallel channel range. Currently it's trading near support level of this channel. According chart its indicating reversal from this support level. Also, In today's session it showed correction for 200EMA level. So expected upside target of 1525 in short term. If this gives breakout of the resistance then expected further bullish rally upto 1755+
