Short SRTRANSFIN Below 1193 - Stop-loss 1235 - Target 940
If Price Closes above 1234 Before Breaking 1193 then trading set-up becomes invalid. CMP is 1203.
How to trade ranging prices/market
The thing to note is that the stock is having a strong channel that can be seen by the chart up-trend and down-trend follows tightly.
Another thing is to be noted: WHen this stock takes a turn, the big move creates on the single day of secession. So far we have not seen any such thing/big move on a single day o trading.
As per the daily chart, this stock can...
Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average.
Descending triangle is usually a continuous pattern. If it breaks triangle's baseline...