SRTRANSFIN bullishLOOKING good setup. with good risk reward.
SL with 1320 NSE:SRTRANSFIN
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SRTRANSFIN
SRTRANSFIN Trend analysisShriram Transport Finance Company Ltd is engaged in business of financing commercial vehicles. Also providing loan for equipment & other business purposes. Company is registered with RBI, MCA & IRDA. Company having a market capital of Rs. 37K Cr.
As far as technical analysis is concerned, Share is forming a triangle pattern on daily time frame since Feb 2021. It is about to give a good breakout and expecting a good movement.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Shriram Transport Share Trend Analysis by THE DECISIVEShriram Transport Finance Company Ltd is engaged in business of financing commercial vehicles. Also providing loan for equipment & other business purposes. Company is registered with RBI, MCA & IRDA. Company having a market capital of Rs. 37K Cr.
As far as technical analysis is concerned, Share is forming a triangle pattern on daily time frame since Feb 2021. It is about to give a good breakout and expecting a good movement.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
SRTRance fin forming a rectangle patternRectangle pattern formed
Very astounding consolidation
Both support and resistance are crucial
Though the trend is bullish so we can expect a upside breakout
SRTRANSFIN: Conditional upmove towards 1625Shriram Transport Fin has formed a triple bottom along the trendline support. Previous 4 attempts to break through the resistane have failed. Any day the stock manages to close above 1515 should signal a further upmove towards 1625 in a short time.
SRTransfin - Reversal TradingSRTRANSFIN taking support over lower TL of the triangle pattern. Enter if forms any bullish price action in lower time frames (1 hr 2 hr) on closing basis. SL below the marked level and target for the supply zone. Low risk with a decent reward.
Parallel Channel in SRTRANSFINNotes:
Been in a horizontal channel since 1st Feb 2021 (1260 - 1535).
This is the 4th testing of the top wall of the channel. That too, the gap between 3rd and 4th testing is just a few days as opposed to the others which were a few weeks apart.
If the resistance zone (1510-1535 almost 2%) is broken, we could expect to see fresh highs.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
SRTRANSFIN NEAR BREAKOUT LEVEL.SRTRANSFIN is steadily making higher lows but is failing to close above around 1525 odd levels. The uptrend is intact and upward momentum is possible if it closes above the zone with good volumes. Keep an eye on this stock, may give a short term trade in the near term.
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.
SRTRANSFIN - Channel patternSrtransfin is moving beautifully in this channel pattern. can be traded inside this pattern for the long side if forms a bullish candle at the current level or Short trade if breaks the TL support.
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SRTRANSFIN SRTRANSFIN (Daily):- Breakout Candidate :)
1) Rectangle Breakout Soon :)
2) Wait for Volume Conformation
Shree Ram Transport ,at crucial resistancekeep eye on this stock ,resistance formed there is very crucial
SRTRANSFIN- Weekly chart
- Poised for ATH Breakout
- Looks good for swing/positional trade if sustains above resistance line
- Manage risk using stoploss and position sizing
#M&M #M&MFIN #MAHINDRA #STOCK #FINANCE #CREDIT #LOAN #INVEST #IT#M&MFIN
NSE:M_MFIN
CMP: 154.50
Target to be 208 real quick.
Might hold for higher returns.
Factors :
Earnings & EPS positive
Dividends Payout high
50% Fibonacci retracement
Spike coming soon.
Peers:
NSE: BAJFINANCE
NSE: BAJAJFINSV
NSE: MUTHOOTHFIN
NSE: SRTRANSFIN
NSE: BAJAJHLDNG
NSE: MANAPPURAM
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