Shriram Transport LongIt has formed a perfect 1-5 Elliott wave pattern and also taken its ABC correction. Now this stock is ready for next 1-5 elliot wave move. Buying levels and sl is given in charts.
SRTRANSFIN
SRTRANSFIN Long setupStock closed above 6 months range and recent high too.
Seems good long setup for short term and long term.
Can do 1500 in short term, 1600,1700+ and much more in long term
SL : close below 1210
-Saptarish Trading.
SRTRANSFINForming double top pattern and broke the low of the previous support zone.
As the market is also in downtrend it is expected to give a good fall.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
SRTRANSFIN - Long Position for short term 10% gainSRTRANSFIN is a good profitable trade in short term.
Important Levels are marked in the chart.
Weekly market analysis with gainers, losers and my viewI talk about how the major indices are placed on a weekly level and discuss the top performers and top losers of last week. Curious to hear your thoughts as well!
SRTRANSFIN H&S and Trendline breakdownAll the details are mentioned in the chart.
Sell below - 1350
Targets mentioned in the chart above.
RSI in Weak Zone
MACD bearish
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SRTRANSFIN - GartleyShri ram transport near to prz of gartley and in weekly demand zone. Target on chart
Another H&S for the day. This time in SRTRANSFINNSE:SRTRANSFIN has formed a H&S pattern and right shoulder got completed today. Note that this does not necessarily mean that stock will start falling right away. Wait for 1-2 days and see the price action. Even when it breaks, expect a pullback. Keep and eye!
SRTRANSFIN 4hr Chart possible Head&Shoulder 13 Dec 2021SRTRANSFIN 4hr Chart forming a possible Head & Shoulder pattern. 13 Dec 2021
SRTRANSFIN BreakoutSHRIRAM TRANSPORT attempting intraday breakout
8 Month Long Base
Very strong momentum
More than average volume
Price above 200 DMA
Earnings coming up
SRT FINANCE seems short once broke main support swinglowSTR FINANCE seems short:
1. Daily time frame tringle broke down
2. near swing low and important support once broke it may fall.
3. RSI negative diversion
4. weekly CPR to be break once break it could be short candidate
NTRADAY & POSITIOAL STOCK FUTURE CALL BUY SRTRANFUT FUT @ 1417NTRADAY & POSITIOAL STOCK FUTURE CALL
BUY SRTRANFUT FUT @ 1417
STOP LOSS - 1380 CLBS
TARGET - 1460 1480 1500 1520 ++
Short Daily time frame analysis suggests that now the stock is going into downtrend, as chart now moves to lowerhighs and lower Lows. Further the last candle is a long bearish candle. But before initiating any trade in the stock look for the levels marked as the price moves lower to the marked level short trade may be initiated, which confirms the trend.
SRTransport - Bullish movementPositive Side:
1. Perfect Bullish movement ahead after the cup and handle pattern.
2. Target is too high without any resistance after 1400pts. Steady approach for a 100pts profit.
Negative Side:'
1. Beware of the monday bloodbath. So, wait for the trendline to break.
SRTRANSFIN looks bullish for the target of 1600++SRTRANSFIN forming bottoming out pattern on daily chart.
We can form bull call spread for this month.
+1x 25MAR2021 1400CE - ₹ 52.00
-1x 25MAR2021 1500CE - ₹ 25.00
Max. Profit - ₹ +58,600
Max. Loss - ₹ -21,400
Max. RR Ratio - 1:2.74
Breakeven - 1427.0
