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.
NSE: 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
This 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.
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