Shriram Fin - Channel opportunityThis stock has been trading in the channel since 2008. It is highly unlikely that this will break is anytime soon, but given the elections in India, it might take at least 1 year for the stock to reach its bottom of the channel.
I will be placing my spot bet after election results on this stock.
SHRIRAMFIN trade ideas
SHRIRAMFIN - 50% upside potential - Triangle pattern breakoutSHRIRAMFIN has formed a triangle pattern, given a breakout and is at retracement level, earlier resistance may act as support now.
1300-1330 is a good buy zone.
SL: Daily candle close below 1300 levels.
Target: 1970 levels in 5 - 10 months timeframe.
Note: If it sustains above 1700 levels, it is good to hold for long term with targets of 2300 and then 2800+ levels.
Good entry above 20401 Clear ICHIMOKU levels.
2 Stock at all time high.
3 Strong strength candle on daily, weekly, monthly time frames.
4. Good entry Above 2040.
5 Stock can reach 2080, 2000, 2015 levels on INTRADAY or coming sessions.
This view shared for educational purposes only. Please consult your financial advisor before entering into trades.
Shriram Finance : Technical Analysis Suggests Bullish TrendNSE:SHRIRAMFIN
The stock of Shriram Finance Company is currently trading above the 20-day exponential moving average (EMA), the 50-day EMA, and the relative strength index (RSI) is near 60. The stock has also re-entered the channel that it was trading in before the recent correction. This suggests that the stock is in a bullish trend and could continue to rise.
The Elliott wave theory suggests that the stock is currently in wave 5 of a larger uptrend. Wave 5 is typically the longest and most powerful wave of a trend, so it is possible that the stock could rise significantly from here.
The lookalike correction wave ABC is also complete, which is another bullish signal. The triangle breakout is also a bullish signal, as it suggests that the stock is breaking out of a period of consolidation and is ready to resume its uptrend.
Overall, the technical analysis of Shriram Finance Company is bullish. The stock is trading above key moving averages, the RSI is near 60, and the stock has re-entered the channel that it was trading in before the recent correction. The Elliott wave theory also suggests that the stock is in wave 5 of a larger uptrend.
However, it is important to remember that technical analysis is not always accurate. There is always the possibility that the stock could go against the technical analysis and decline. Therefore, it is important to do your own research and to only invest money that you can afford to lose.
Target price: 1487
Invalid level: 1316
Risk warning: Please buy at your own risk. Happy trading.
SHRIRAMFIN - Intraday Trade || 13th June, 2023 #stocks To be traded for Intraday today
13th June, 2023
SHRIRAMFIN
#intraday #stocks #priceaction
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 13th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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SHRIRAMFI - #intraday Chart Analysis || 26th April,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Stock Trade Idea levels for 26th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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Shriram transport finance Shriram Transport finance ..from 2008 beautifully following the channel...now it's trading bottom of the channel good risk reward trade CMP:1230 sl: 1025(wcb) target top of the channel
Note: educational post
srtransfin 1 year view the stock recently broke its life high
ie a multiyear breakout seen after 3 years .
with a risk of average 20 % approx (which is least if considered a period of 1 year _) for a target not less than 50 -55 %
i see the structure is nothing wrong and the stock ideally should perform
SRTR BreakoutSideways breakout of SRTR with probable targets. SRTR was in sideways for long. Recently price has broken the range bound of weekly. It seems like consolidation period of SRTR is over. Hence we can expect a rally. Chart Pattern Flag & Pole.