SRT finance broke fallign wedge and trading above EMAsetSRT finance broke fallign wedge and trading above 20,50,200 EMA on daily time frame
Srtransfinlong
SRTRANSFIN BreakoutSHRIRAM TRANSPORT attempting intraday breakout
8 Month Long Base
Very strong momentum
More than average volume
Price above 200 DMA
Earnings coming up
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 ++
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
SHRIRAM TRANSPORTSRTRANSFIN, WEEKLY CHART
STOPLOSS 1116.50
TARGETS 1316, 1424, 1516, & 1625
SRTRANSFIN,Daily Chart
Disclaimer
My Studies are Educational purpose only
Please consult with your financial advisor before trading or investing
R-0183 Short Term Cash Buy SRTRANSFIN @700.00-705 SL 687 TGT 738Short Term Cash Buy SRTRANSFIN @700.00-705 SL 687 TGT 738
Reason:
Above VWAP + TK cross over with huge volume + Ichimoku cloud breakout + MACD cross over
