it has broke previous support now its heading toward 1200 level
Buy @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.
looks good from current levels expecting much higher levels stoploss will be 1200
Took Support in Long term frame Box/Parallel Channel Bollinger Band bottom curved Short term Down ward channel broken
SRTRANSFIN Best way to trade sideways stock is buy on support sell on resistance. Can Consider in intraday and swing also.
The 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...
Support Resistance Strategy Buy CMP SL-1237 TGT- 1359
1) Parallel Channel 2) Formed a Candle pattern at Support 3) 3rd time taking support
Since 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...
LOOKING good setup. with good risk reward. SL with 1320 NSE:SRTRANSFIN #the_pravin #simplepriceaction #swingtrading #notoidicator
Shriram 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...
Shriram 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...
Rectangle pattern formed Very astounding consolidation Both support and resistance are crucial Though the trend is bullish so we can expect a upside breakout
Shriram 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.
Entry can be made around 1360 Stop loss below 1300 Target 1520 and above