Shriram Transport Finance Company Limited : Life Insurance Company ( NSE:SRTRANSFIN ) is Making Strong SR Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke...
a. Zone: Strong Bear b. Resistance 1: 762.30 c. Resistance 2: 798.60 d. Support 1: 653.40 e. Support 2: 544.50 Srtransfin is currently trading at 652 which is very close to its first support. One needs to keep patience to see the price movement at this level. If it breaks below this level then next support will be at 544.50 which is approx 17% down.
This is my personal view, do your own research before trading or investing.
Im not an expert im just sharing my views on SHRIRAM TRANSPORT ,SRTRANSFIN for tomorrow Im not responsible for any profit or loss this is not a recommendation
Triangle breakout, supported with volume and a Bullish Hammer candlestick pattern in the 4 Hrs chart
Big breakout on daily candle chart in Shri Ram Transport Finance can give a big move
SRTRANSFIN:- BREAKOUT WAITING KEEP EYE ON 770/800₹ BREAKOUT WAITING ASCENDING TRIANGLE PATTERN SEEN 800₹ ABOVE BOOM TARGET SEEN 900₹++
Once the weekly candle closes above 732 on short-term target will be 200Mvg in the chart and Medium term will be 960.
Buy above 723 closing of weekly candle target of 935 on short-term| once triggered will post stoploss
The graph has entered a strong demand zone right now. Today's trend could to be bullish. However the rise would only be for a further fall. Going Long would be beneficial as of now till the price reaches 688 . BUT If the trend falls even below this strong demand zone, then go Short. (This is a trend-based analysis and prediction; one must trade at his/her own risk)
Views are for educaional purpose only
SRTRANSFINANCE AT TRENDLINE SUPPORT. CAN GO LONG AROUND 638 - 644 WITH STOP LOSS OF 630.00. TARGETS AS PER CHART.
The symmetric channel is about to break . Wait and watch. Hold the positions accordingly.
Buy above 659 if sustain then target 669/677/722 with sl of 620 **Educational purpose only
support 700 can short if negative sentiments buy above 712 & 719 till 732 reverse from 734 if crossed 734 next 764
SRTTRANSFIN will be good above 735 if breakout happen with good volume. Note - These are not buy or sell recommendation. Kindly do your own analysis before investing your money into any kind of financial instrument.
BTST IN SRTRANSFIN BUY677 STOP@664 TARGET-1@697 TARGET-2@715 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!