Srtransfin buy above 1275Hello guys, astral is going great, same with titan, glenmark, tatasteel, hindalco, torrent pharma, let's say most of the stocks.
The next possible big mover that I can spot is srtransfin this stock has been through a healthy retracement till 78.6% and taken support from the same place.
Tapped into the demand zone and gave a strong candle
RSI looks alright.
MACD turned above the signal line.
Buy above - 1275
Targets mentioned in the chart above.
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Srtransfinanalysis
Shriram trans. arriving to its support zoneMany people ask me how to find a crucial support area now this it a perfect example of it , It is not an recommendation It is just an observation.
If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times.
The overall trend of this stack looks sideways.
This is a perfect scene if you find and trade a reversal trade at support zone.
This is the way you should shortlist your stocks for playing reversals.
In earlier Idea of this stock (Check Out in comments) I want to play a major consolidation breakout but now it is better to find a reversal setup.
( Remember I am not telling you to buy this share , as no buying setup is there It is just for those people who want me to explain how I shortlist a stock and make a view on it before finding any buy sell setup)
SRTRANSFINNSE: SHRIRAM TRANSPORT 1576
-Fresh Breakout Done Now-Again At Resistance
-Near Multi-Year Breakout
-Price and Volume Both Confirms The upside
-Next level to watch is 1625
-Support near 1515-1475-1390
-Closing Basis
shriram transportNSE: SHRIRAM TRANSPORT 1490
-Fresh Breakout very soon
- Price and Volume Both Confirms The upside
-Next level to watch 1515-1535-1625
-Support near 1475-1390
💸💣--Shriram Transort : Consolidation BreakOut is expected---💸1. Major resistance Zone is Placed between 1535 - 1517, this resistance zone is tested for 4 times this time a sharp breakout is expected.💣💣
2. Support zone is placed between 1271 - 1256.
3. Price is trading above 200 Day moving average.
4. RSI crossed 70 ,giving a strong bullish sign.
5. Price is consolidating between 1520 - 1260 ,from last 8 months.
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
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
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
SRTRANS good long candidatelooks good from current levels
expecting much higher levels
stoploss will be 1200
SRTRANSFIN - Trading on SupportSRTRANSFIN
Best way to trade sideways stock is buy on support sell on resistance.
Can Consider in intraday and swing also.
SRTRANSFIN - Price Action Study 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
SRTRANSFIN short term analsisenter @1290-97 range
with small sl can book good profits
trgt 1414-1517-1650++ possible
good company with good financials.
simple short term analysis🤝🤝
🔥here one intra SRTRANSFIN my lub😘everything explained in the chart guys✔✔
no need of detailed explanation. right ?
SRTRANSFIN trading levels for the daywatch it guys ,also coming days
it may give good opportunit.
just used line chart.
but hop u understand.
SRTRANSFIN Weak Below 1345Sell is sustains below 1345 for the targets of 1300, 1265, and 1225 until 1432 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SRTRANSFIN analysis for the daywatch it guys
it's a gem of our fam.right ??
how many times we discussed about it?? anyone remember.
finally it's gonna kiss 1400-1500
holding from 1000 ,and I hope ! u tooo :))
