Stock is clearly in uptrend.
It may form a double top pattern tomorrow retracing around 1050
If stock finds support at 1050 and stays above 1070 on lower time frame ,should be a positional buy till 1100 levels for short term traders.
Stop loss should be below 50 SMA Line
Trend for shriram transport is clearly up . However on Monday it may test support on 50 SMA at around 1050 levels. It should be a buy from there on.
SL is just below 50 SMA Line.
Risk/Reward ratio of about 1:3
Adani enterprises seem to have moved about 8% in last 15 days .Currently seems to be at the top of bollinger band and has a good chance of retracement till middle bollinger. Additionally volume and price seems to have formed a divergence indicating weakness in the rally.
Short at the opening with a SL at 111 and take profit at 104.